I work for a publicly traded company that was acquired by another publicly traded company. I also own shares of "restricted stock units" for my company. All of my shares are scheduled to vest far after the acquisition will be completed.
What typically happens to unvested stock options / restricted stock units during an acquisition?
I'm guessing/hoping that they'll be used to grant me to an equally valued amount of my new employer's stock, with the same vesting date.
There are a number of possible outcomes upon an acquisition. They include but are not limited to: 1) full vesting automatically upon an acquisition, 2) partial vesting upon an acquisition with provision for additional vesting upon termination following an acquisition, 3) partial vesting upon an acquisition with no provision for additional vesting upon termination following an acquisition , and 4) no vesting upon an acquisition with no provision for any acceleration post-acquisition.
Regardless of that answer, I am still curious to hear from anyone else that has gone through this scenario and how it worked out for them, especially if it isn't one of the outcomes described in that article linked above.
According the publicly filed Form 8-K document for the acquisition, I'll be getting a equitable amount of unvested stock with the same schedule. Great!