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Sometimes they don't allow transfers, or only allow them during an open window. Assuming they allow transfers it is important to note that, notwithstanding how you acquired them (RSU/ESPP/NQ) they are nothing but long shares of common stock. So they can be transferred to any brokerage firm.
Rule 144 is a set of regulations that outline the conditions in which the sale of unregistered or restricted stock shares can be sold. Typically, criteria must be met before a sale is allowed, including a minimum period in which the stock should be held, which can be up to one year.
Restricted Stock Units cannot be sold or transferred while they are subject to forfeiture. This means that the employee cannot sell or transfer the units until they are vested.
The purpose of the restrictive legend or notation is to protect the issuing company from loosing its private placement exemption for the initial sale of the securities and to notify the investor that the restricted securities cannot be resold into the public securities market without satisfying certain requirements.
You may not sell, assign, pledge, encumber, or otherwise transfer any interest in the Restricted Shares until the dates set forth in the Vesting Schedule set forth below, at which point the Restricted Shares will be referred to as ?Vested.? A Restricted Share shall not be subject to execution, attachment or similar ...
1. That Shareholder will not sell, transfer or encumber any of the restricted shares without prior written consent of the Commissioner. 2. Any or all of the restricted shares may be transferred at any time with the prior written consent of the Commissioner, and Company hereby consents to such transfers.
You can sell your restricted stock after the vesting period is over. However, you cannot sell restricted stock units within the vesting period. How long do you have to hold restricted stock? You need to hold restricted stock until the end of the vesting period.
Restricted stock units are a form of stock-based employee compensation. RSUs are restricted during a vesting period that may last several years, during which time they cannot be sold. Once they are vested, RSUs can be sold or kept like any other shares of company stock.