WFM (3,000+ hour) stock grants. Questions - perhaps an expert out there? - post regarding Whole Foods Market Inc. layoffs

WFM (3,000+ hour) stock grants. Questions - perhaps an expert out there?

Spent 5 + years at WFM. My position was eliminated in last year's first round of layoffs. I had one allotment of the 3,000+ hour stock grant. It was not fully vested.

Looking in my Fidelity account, it appears the grant is now 0. They said when I left the company, the unvested stock (which was the grant) was deleted per WFM.

It is disappointing and I honestly thought the grant was ours as a reward for our 3,000+ hours. I had no idea it would be retracted.

I am holding out a little hope this might not be accurate. Did anyone understand or experience differently?

Comment! It's anonymous!

5 replies (most recent on top)

Do not know what layoffs you are referring to? We did not have layoffs in FL last year.

You have 90 days after termination to sale any vested and above grant price stock. You get the difference between the grant and sale price minus the 33ish percent the government gets or you could have purchased the stocks, and paid WFM the value of the grant or sold all and used the spread to purchase shares. Based on your timeline I do not think any of your vested stocks would have been above the grant price.

@gyc - yes, that's pretty standard anywhere you go - if you are high up them may negotiate this with you but it's unlikely. You need to be really high up.

Thank you for the clarification.

Sorry dude, when you leave the company, you lose any uninvested shares. This occurs at every company.

Thread regarding Whole Foods Market Inc. layoffs

WFM (3,000+ hour) stock grants. Questions - perhaps an expert out there?

5 replies (most recent on top)

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