Admittedly, I don’t know much about the stock market or these RSUs. But whenever I log onto the Fidelity app, it shows there’s 6 RSUs to my credit. I thought it was 10 given to us back in 2023. Can someone explain without being a pr--k?
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the original RSU grant is net of taxes.
@ez Thank you for this tip.
@bt set up a Revolut USD account and provide bank details without intermediary bank populated - it will transfer in USD
@af Also, if UK based you are hit for a 2.5% FX fee when transferring out USD to GBP to UK banks. Fidelity do not appear to allow USD transfers internationally to get a clean rate. :(
Check your tax implications if you’re thinking of selling. If I understand irs code, If you sell now it’s income. If you wait a year it’s only capital gains. Correct me if I’m wrong.
@OP - I think 4 BK stocks were deducted from the original 10 when BNY gave them to you.
@ap+
If you want to keep your Fidelity account, you can get a debit card from them...when you sell off the 6 RSU's remaining the cash can be moved to a "checking" account. You could also transfer to an existing account elsewhere but there will be a fee for that.
I still don't really understand the 4 being taken for taxes since I don't recall ever getting any kind of 1099 for that. How do we prove anything for the IRS?
You most likely elected, or it just defaulted this way, sell to cover. Which means it when the RSUs mature they sell enough shares to cover the taxes on them. I’m not sure when RSUs you got in 23 matured but when they do it’ll sell some shares to cover the income tax (US, unsure about other countries). If you sell immediately that should be it for tax but if you hold and the price increases and you sell it’s a short term gain if it had been matured less than a year, long term gain if over a year. Long term Cap gain is like 15%-20% (depending on income level) whereas short term is regular income rate, whatever yours is.
@ap once you sell the money is yours… you pay taxes
I would gladly short BNY but considering how RV fires US employees to create a 10c beat in earnings, 85% institutional ownership, moving close to 50% of jobs to India, and also how boring this stock is, will be much more efficient to cash out and invest into some stock with share price less than $5.
So if we choose to sell do we have to reinvest or can we take the money and part ways with them. I honestly want nothing extra to do with bny
"Unless one really needs about the $700, I won't recommend sell. " - Robin V... I'm selling mine right away on Feb 13th. Need to get rid of some junk accounts laying around and I have to PIP this one, nothing personal, just implementing P-M. You will make more money investing these few dimes into more interesting stock.
If UK based you had to pay tax on it. That was 4 RSU's if on 40% tax. So yes you had 10 but government took 4 of them for tax.
Current BNY stock price is about $119.00. The sell restriction gets removed on or after Feb13,2026. So share price times number of shares is likely be real gain. Tax has been taken out already so any tax from actual sell should be minimal. Unless one really needs about the $700, I won't recommend sell. But if you do, try not to tell people at work. The most recent RSUs from very late 2025 has no sell till full calendar year btw.