I left the bank a couple of months ago. I still see my RSUs from BNYM in my Fidelity account. Are those forfeited, or will I be able to cash them out after the 3 year term?
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Don’t make the mistakes of the boomers who lost a nice windfall by losing their four Shared Success options, which turned out to be the most generous and valuable gift ever to heritage Mellon employees.
I left and still have mine. Waiting for that 2026 date to become unrestricted and sell!
Only at BNYM do employees create false narratives about losing part of their rewards because they don’t even read and save their paperwork…
Pocket change. Who cares?!?
They are yours. You have already paid taxes only aspect is that you cannot sell them for three years. But they are YOURS. You may have lost(aka sold for taxes) approx 4 or 5 shares depending upon your tax exemption (single married and exemptions claimed )
Wi--y Wonka to Grandpa Joe in 1971:
‘You lose! You get nothing! Good day Sir!’
We are all owners. Don’t forget that.
You can still keep them, but need to wait to vest.
You may see that originally you got 10 shares. However about 4 of those shares are used for tax purposes. When fully vested, you should be left with 6 fully vested shares for you to do what you wish with them. The vesting period to my understanding is 3 years from when they were disbursed to you.
I know this is a bit strange as normally RSUs you don’t keep when you leave, but if you look closely at the policies like my manager and I did you will see that you in fact can still get them whether you are employed or not at bnym according to the policy they had.
You’ll just be covering the taxes om them where BNY does that when youre an employee
I advise Asking this on ANy and all theads, rather than simply reading the simple docs…
You’ll be able to cash out once the restriction expires.