Leaked recording reveals Twitter executives laying out what will happen to employees' stock grants after Elon Musk's acquisition closes
One staffer asked why Twitter has decided to pay out RSUs on their current four-year vesting schedule after the takeover, versus having the equity vest all at once."Are major shareholders being paid out on a similar schedule? It feels like a way to get out of paying employees who may leave or get laid off what they were granted," the employee added.
The executive didn't elaborate, but it's likely that Twitter employees' RSUs will vest in the form of cash rather than additional stock on the current schedule. This means the company will keep some of the retention benefits of these grants, because staff will have to stick around still to get the future payouts. Most of Twitter's workers receive at least some of their compensation in stock awards.
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