I work for a pre-IPO tech company that gave me RSUs as part of my comp. package. Right now I have 22 shares valued at a a little over $100 per share. I got an email last week that the company is removing a performance requirement (?) and now I have to pay taxes on the RSUs.
The thing is, the company is letting me decide whether I want to just pay the tax implication though stock (something like 5 shares) or I can pay the tax liability of $1000 in cash, or a combination of the two.
I'm not sure what I'm supposed to do here. I'm confused because I'm not actually getting any money, yet I have to pay taxes on something?
Let me know if there's additional info I can provide to help you help me; any advice here would be much appreciated!
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