My uncle is on the board of directors of a publically traded company. Unfortunately, he is not in good health and if things progress, I think he only has a year or two left at best.
Company paperwork and his will both state that the stock is to be divided evenly between his son(my cousin) and myself upon his death.
According to what I’ve read(and perhaps I’m wrong), the stock vests immediately upon his death and can be sold. Is this true? Or does the company take the stock back?
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