I was granted stock options when i was hired earlier this year. A few months ago, the company converted the options to restricted stock units (RSUs) which have a double trigger - qualifying event and vesting schedule. Fast forward to last week, my company announced it was acquired and the sale was set to close around the first of the year if all goes as planned. I previously worked for a publicly traded company that was acquired by another. In that deal, all of my unvested stock options vested on the sale date. With that knowledge, i anticipated the same here, not knowing the details. I am being told that this will not occur and that while the qualifying event will have happened, the vesting schedule will continue. My question is, assuming the sale goes through, how can i own partially vested stock units in a company that no longer exists? The deal is half cash, half stock if that matters. Are they saying i will own RSUs in a new company? What if i am not retained, do i just lose the unvested portion?
