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A comment on Cruise Suspends Employee Share Program, Citing Need to Revalue Business. Parent comment

Re:Cruise Suspends Employee Share Program, Citing Need to Re... by CoastalCoder on Thursday November 16, 2023 @09:12PM (#38298451)
Are you saying that Cruise is going to miss payroll?

Or are you just saying that's one possible double-whammy that could occur?

[ Parent | on HN ]
Re:Cruise Suspends Employee Share Program, Citing Need to Re... by janosett on Friday November 17, 2023 @12:30PM (#38306835)
No, to clarify the salary is being paid but the stock liquidity program ended. However, single trigger RSUs mean tax may still be owed on those RSUs at the market value when they were issued.

So some people owe tax on eg $100k in extra “income” for shares they can’t sell anymore.

[ Parent | on HN ]