I work for a US company in their UK office (I'm a UK national). 2 months ago, the company offered me a grant of non-qualified stock options, which expire in 10 years. However the system tells me I have a further month to decide whether to accept or reject the "terms of the grant agreement". I've been trying to figure out what this means, but I'm coming up short.
My situation certainly isn't unique, but after looking around other questions and the internet at large, I'm still non-the-wiser. I suspect my questions are too beginner-level for most resources to bother explaining.
My questions are:
- If I accept this grant option, does anything happen? (Does "accepting" mean the same as "exercising", or is it just me saying "yeah that agreement looks OK to me"?)
- Do I need to pay anything / will I become liable for some US or UK tax when I accept it?
- Does the price of the company's stock on the day that I accept it matter?
- Would I be risking anything? (could I still walk away if the company's value went down?)