If you were laid off and are a private side employee, how can you submit pre clearance requests for selling stocks? My access will be shutdown after Friday. I know others have brought this up before on here so don’t need to hear cr-p about posting a topic again. There are too many posts and didnt see any when I scrolled.
I don’t want to lose my severance because I didn’t follow protocol. Not sure if that they would hold it back but I can’t afford to give up that money.
You guys get Citi stocks?
@a1 vested* stock is, by definition, yours. Unvested stock is generally paid out on the standard schedule (1/4 or 1/5 per year) unless you were term'd for conduct/gross negligence. You will not receive new unvested stock from Citi - your existing unvested options will keep vesting and being delivered every January.
@a7 how do you know there is another round next week? Is that just based on rumors and speculation on this site?
Define “invested stock” are you talking about Citi stock purchased via 401K offering?
@aq actually, you do during the garden period. You can lose your severance if you violate company policy. We are technically employees for the next 60 or 90 days depending upon where you live.
@OP lOL you don’t need to worry about pre clearance any more.
@a1 I was wondering about this too. I have two more rounds of stocks to invest over the next to years. It says we get to keep them. We just will have to wait until the regular vesting periods to get them. I don’t know how they will payout the dividends though since we are not on payroll. I am guessing quarterly checks.
I am guessing our 401k match will still get paid out next year.
It does su-k that we just missed the prorated bonus. The deadline is 10/126. I am guessing that is why today’s round was so big in layoffs and why there is another big round next week. They want to push as many out as they can before the 10/1 date. It is the date of notification and not last official day.
I recommend reading the leaving Citi document. It should cover it in there.
What about people that have invested stock? Do we lose it?