I've been with my company for a while and they offer RSUs, which I've gained a bunch of.
The stock price is kinda tanking (due to the market and some public information about the company), and I'm looking to liquidate my shares before things get worse.
We're inside a trade window, but my brokerage company (eTrade) has a note saying that buying / selling the shares is locked and I have to contact someone at the company.
Apparently the process is 'Send an email to someone in my company for approval and they'll “release” my eTrade account to buy or sell.' Problem is between sending the email and now (still no response) the stock price has fallen another 20 cents.
Is it common to restrict RSU sales this way? Does a company have a right to dictate (inside of trading windows) if people can sell their shares or not?
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