It was weird in the first place that they didn't give you an equity grant at the start; if they don't want you to get any of it until a year, that's what vesting cliffs are for. That raises some "does this company have any idea what they're doing?" red flags to me
#Not getting Equity as promised. What are the next steps?
obtuse shale
You are fair to expect the things they promised to you. Not legally entitled to them, but it makes sense that you would expect to get that
bleak inlet
It was weird in the first place that they didn't give you an equity grant at the...
Okay so, the equity is a bit different here. It is RSU, meaning Revenue Share Units. If the company is profitable, the profit gets put into a formula and a certain portion goes to every employee. They said to wait until 2023 because the numbers could not be determined in 2022.
obtuse shale
FYI, RSU universally means restricted stock units, which are a different thing.
Are they giving equity? Or are they giving cash? That sounds like profit sharing to me
bleak inlet
FYI, RSU universally means restricted stock units, which are a different thing.
...
Yee, I know that. But in the email, they call it RSU (Revenue Share Units). I thought I would make it clear what this RSU stands for as it does not match the universal meaning.
And yeah, it is profit sharing.
What do you think the best course of action now is though?
And, I interned at this company. Everything else is pretty good. Haven't had any complaints.
obtuse shale
Ok, then that's a different thing. I'd expect that to happen once a year or once a quarter, and it won't be predictable so you just get what you get.
bleak inlet
I think it's once a year
obtuse shale
It's not equity if you're not getting ownership in the company
bleak inlet
Oh ok
bleak inlet
What do you think the best course of action now is though?
^^
obtuse shale
Well, let's see
We're still about mid-year so there's a long time before any profit sharing stuff would happen. So you're not immediately losing any expected money, right?
obtuse shale
That's a good question to ask
Acquisitions can happen or fall through, so you want to put yourself in a position where you're not relying on it happening
obtuse shale
I think I would be looking at something along the lines of "ok, I know things are changing with the acquisition, so a lot is in flux and we don't know where it's going to be. I just want to make sure that at the end we end up with something that's along the lines of what we agreed upon when I joined"
And if the acquisition isn't moving along from your perspective, as it gets further along in the year became more persistent about handling things "in the current world"
Because even if they're going to get acquired you still have bills to pay now and are doing work for them now
bleak inlet
That's a good question to ask
I guess, I could ask this tomorrow during my 1:1. I just don't wanna be annoying since we already covered this today. But, I also don't wanna keep it to myself because what's happening isn't necessarily fair.
@obtuse shale this good?
obtuse shale
Sure?
bleak inlet
lol