felizcortez
Dryer sheet wannabe
- Joined
- Nov 19, 2015
- Messages
- 11
I have a large number of RSU's/Options at work that I am looking for some advice on.
Information on awards.
RSU Vest Date
Jan 2016 - $20k
Jan 2018 - $23k
Oct 2018 - $124k
Jan 2019 - $19k
Jan 2017 - $29k
Total RSU's - $215k at current stock price of 57.85
Options Value on vesting dates
Option Grant 1 - Grant Price 32.36
Jan 2016 - $6.5k
Option Grant 2 - Grant Price 44.09
Jan 2016 - $8k
Jan 2017 - $8k
Jan 2018 - $8k
Options Grant 3 - Grant Price 53.94
Jan 2016 - $2k
Jan 2017 - $2k
Jan 2018 - $2k
Jan 2019 - $2k
Option Grant 4 - Grant Price 32.80
Jan 2016 - $9k
Jan 2017 - $9k
Total Options - About $56k at current stock price of $57.85
The options vest 25% each year over 4 years while the RSU's are 4 year vesting cliff's. I consider the options less valuable since they fluctuate greatly with the stock price and I think the company stock price is pretty high right now. I get a new chunk of RSU's and options each year worth about $30k combined ($15k options, $15k RSU's).
I'm 33 and have a NW of $1.12M in Investible assets between retirement and taxable investment accounts. Current expenses are sub $50k per year for my wife and I including rent which should drop after moving away from a HCOL area.
We are planning to quit next year in July which should provide about another $100k to our net worth due to salary, Profit sharing, sales bonuses etc. Current salary is about $240k per year before tax.
I'm struggling with walking away from the RSU's since they are such a large chunk of change. The painful grant is the $124k one, I'm comfortable with walking away from all of the other ones, but that one stings. I know it is 3 years out so when I divide it by 3, it is only worth about 40k per year, but that is almost one full year of expenses currently. If I leave in July of 2016, the above options/RSU's will vest about $36k which is partly why we are timing leaving for mid 2016.
I guess I'm struggling with the OMY complex a bit since I've been in corporate America for the last 14 years. Our plans are to quit my job, buy a sailboat and sail around the Caribbean for 2-3 years then see where life takes us afterwards. While the extra cash from the vesting schedules would be nice, it wouldn't be life changing.
Would appreciate any thoughts you have on the above.
Information on awards.
RSU Vest Date
Jan 2016 - $20k
Jan 2018 - $23k
Oct 2018 - $124k
Jan 2019 - $19k
Jan 2017 - $29k
Total RSU's - $215k at current stock price of 57.85
Options Value on vesting dates
Option Grant 1 - Grant Price 32.36
Jan 2016 - $6.5k
Option Grant 2 - Grant Price 44.09
Jan 2016 - $8k
Jan 2017 - $8k
Jan 2018 - $8k
Options Grant 3 - Grant Price 53.94
Jan 2016 - $2k
Jan 2017 - $2k
Jan 2018 - $2k
Jan 2019 - $2k
Option Grant 4 - Grant Price 32.80
Jan 2016 - $9k
Jan 2017 - $9k
Total Options - About $56k at current stock price of $57.85
The options vest 25% each year over 4 years while the RSU's are 4 year vesting cliff's. I consider the options less valuable since they fluctuate greatly with the stock price and I think the company stock price is pretty high right now. I get a new chunk of RSU's and options each year worth about $30k combined ($15k options, $15k RSU's).
I'm 33 and have a NW of $1.12M in Investible assets between retirement and taxable investment accounts. Current expenses are sub $50k per year for my wife and I including rent which should drop after moving away from a HCOL area.
We are planning to quit next year in July which should provide about another $100k to our net worth due to salary, Profit sharing, sales bonuses etc. Current salary is about $240k per year before tax.
I'm struggling with walking away from the RSU's since they are such a large chunk of change. The painful grant is the $124k one, I'm comfortable with walking away from all of the other ones, but that one stings. I know it is 3 years out so when I divide it by 3, it is only worth about 40k per year, but that is almost one full year of expenses currently. If I leave in July of 2016, the above options/RSU's will vest about $36k which is partly why we are timing leaving for mid 2016.
I guess I'm struggling with the OMY complex a bit since I've been in corporate America for the last 14 years. Our plans are to quit my job, buy a sailboat and sail around the Caribbean for 2-3 years then see where life takes us afterwards. While the extra cash from the vesting schedules would be nice, it wouldn't be life changing.
Would appreciate any thoughts you have on the above.
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