Imagine working for 20 years and gathering up thousands of stock options, then getting fired to increase diversity and having to sell all those options for $70. All the leaders who created this company have to sell within three months at the lowest price in nearly ten years - ouch!
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You see, I just started and the company only has value because I’m here. You see?
What are these “stock options” all of you are discussing?
You see, many of us who do the daily grind work that keeps the doors open at Nike have not been deemed worthy of receiving options. Just like you many of us put in long, long hours, get tasked with making our higher-ups look good (although they’d just steal our work and call it their own anyway), and respond to emails 24/7. But yeah…unlike you we aren’t deemed worthy to receive this mysterious thing you call “options”.
You don’t have our sympathy.
If you were a sr director or VP for ten years and then got canned your options would be worth $7m a little over 2 years ago and now are worth less than $2m.
The oldest options anyone has are 10 years old. Granted options from the last 6 years are likely worthless. RSU prevents that issue - which I believe started 5-ish years ago
Get in line ya crybaby.......most of use left 6 digits on the table when we were walked.....there should be an exercise to buy option rather than just a liquidation. Ba----ds
But OP refers to someone that got options for 20 years. Not only last 5.
Something tells me you weren’t let go because of DEI
Yup. Options from the last few years have a strike price of $102, $106. So the $72, $82, even $92 prices of late (since May) make them completely worthless, employed or not employed. Oh well.
If you are let go, pending you are not 55, your options expire per the severance agreement. Likely within 12 months from what I’ve heard of the latest agreements. Most are under water right now worth very little or 0. If you are 55 you have 4 years to sell but not likely there are many people left over 55!
Options expire after 10 years, you can’t accumulate 20 years of them without exercising, and that likely happened at a big gain in the past.
Also, now you also have rsu alternative.
Finally, options are on top of salary and cash PSP. So don’t make it look like the company left you on the street.