Thread regarding Verizon Communications Inc. layoffs

Stock payout for VSP

The vest date for the stocks Jan 31st. Meaning what ever the stock price is that day will determines the pay out amount. But the payout deposit is not until 3/29. I confirmed with the RSU team yesterday via email.

They also advised that direct deposit only stays active for 60 days after off payroll date. For this is us (me included) that were off payroll 12/28 will probably have the check mailed to address on file as the payout is 90 days after our term date. So make sure your address is updated.

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| 2271 views | | 3 replies (last January 17, 2019) | Reply
Post ID: @OP+X9fCPSv

3 replies (most recent on top)

It is such a pittance they probably want it high to have a bigger laugh taking bets an what the price will be.

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Post ID: @1qtu+X9fCPSv

someone is rather paranoid, don't worry...you'll most likely be RIFd by the time the payout is distributed

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Post ID: @1igm+X9fCPSv

The way Corporate has treated the employee base over the last few years, cutting our benefits back little by little, I wouldn't be surprised if they do something shady to temporarily cause the stocks to plummet on the 31st.

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Post ID: @lwo+X9fCPSv

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