Light music plays throughout.
Onscreen text:
Restricted Stock Units:
What are they?
An animated skyline appears before isolating to a single tower. Text appears next to the tower.
Onscreen text:
An RSU grant is a promise from an employer to award employees with shares of the company's stock…
Narrator [off-screen]: An RSU grant is a promise from an employer to award employees with shares of the company's stock…
Onscreen text:
And a way to share in the company's potential financial success.
Narrator: …and a way to share in your company's potential financial success. Your company distributes RSUs to employees…
The skyline diminishes into a circle, and three other circles emerge from the skyline, each containing a different person.
Narrator: …determines the number they receive, and sets the vesting schedule.
A circle containing certificates and a circle showing a calendar replace those with the skyline and people.
Narrator: Over time, RSUs convert to stock shares.
The certificates disappear, leaving only the calendar. A line graph emerges from the calendar showing how the amount vested increases by 25% each year following the date the grant is received.
Narrator: Vesting is the time it takes for your grant to turn into shares. On the vesting date, they become yours.
At year 4 and 100% vested, a laptop appears surrounded by erupting fireworks.
Narrator: In order to accept a grant, you need to open a Schwab brokerage account—or link your existing brokerage account.
Onscreen text:
To accept a grant, open a Schwab brokerage account.
A laptop displaying the Equity Awards Center webpage.
Narrator: From here, you can review grant details and accept the award.
Onscreen text:
Review grant details and accept award.
The webpage changes to display different available grants.
Narrator: Since vesting may be a taxable event, your company may sell or withhold a portion of your vested shares to cover your tax obligation. Your net shares will be deposited into your Schwab brokerage account.
Onscreen text:
Net shares will be deposited into your account.
The webpage scrolls down to show the current equity diversity and vested shares for the example client. A blue box emerges with the text “Taxation can be complex. We encourage you to reach out to your tax advisor for guidance.”
Narrator: Still have questions? Give us a call.
Onscreen text:
Still have questions?
To talk to a Schwab Stock Plan Specialist, call 800-654-2593.
International participants, call +1-602-355-3408.
Narrator: Or, from your Schwab account, navigate to Equity Awards and click on Knowledge Center.
Onscreen text:
Or from your Schwab account, navigate to Equity Awards and click on Knowledge Center.
The Charles Schwab logo appears. Schwab brand music plays.
Onscreen text:
Own your tomorrow®
FOR GENERAL INFORMATIONAL PURPOSES ONLY.
This information is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, legal advisor, or investment manager.
Schwab Stock Plan Services provides equity compensation plan services and other financial services to corporations and executives through Charles Schwab & Co., Inc. ("Schwab"). Schwab, a registered broker-dealer, offers brokerage and custody services to its customers.
©2021 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC4011786 (1120-0V87)