Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by MajimasEyepatch on Wednesday March 08, 2023 @08:03PM
(#35077039)
I don't think it really changes the overall point you're making, but these would presumably be ISOs, not RSUs.
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Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by snotrockets on Wednesday March 08, 2023 @10:02PM
(#35077863)
According to the story, Stripe has been compensating employees with double triggered RSUs
Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by tyre on Wednesday March 08, 2023 @10:22PM
(#35077985)
But not from ten years ago. Initially everyone was on options (ISOs) then moved to double trigger RSUs, around 2017 iirc
Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by kgwgk on Thursday March 09, 2023 @05:51AM
(#35080057)
According to the story, Stripe's need to withhold billions in (employee's) taxes is related to (waiving the second trigger in) the double triggered RSUs it has been using to compensate them.
Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire
by elbigbad on Thursday March 09, 2023 @12:39AM
(#35078596)
Typically a company starts with ISOs or similar, and then moves to RSUs when they are confident there will be an IPO or other liquidation event in the foreseeable future. In this case, Stripe did that, and only later started issuing RSUs.