Starbucks Baristas: The daily grind
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I know that we recently had some of our stocks vest. I had 3 vesting, and after the vesting date. Only 1 vested stock shows in my fidelity account instead of 3. Is it the same with anyone else? (self.starbucksbaristas)
submitted by 289partnerofq
sailorgrumpycat 3 points 1y ago
If you read the statement fidelity should have emailed you, it probably shows that 3 shares were vested and distributed, however you likely only had one shared deposited because the fair market value cost of the other two shares were used to cover your tax withholding.
289partnerofq [OP] 1 points 1y ago
I knew that shares were sold to cover tax, but I figured that maybe 1/3 or even half of 1 would be sold to cover tax. Not 66% of the value. Oh well, ty.
jdanger1783 2 points 1y ago
^^^This. I never saw the email and was so confused since I only received 5 of 9 shares. I called fidelity and even the rep said the taxes on these are pretty brutal, right under 40% since it is considered taxable income. The man is reaching deep in our pockets unfortunately.
289partnerofq [OP] 1 points 1y ago
Damn I wish I got taxed under 40%. They took around 66%. But that seems way too high, I might end up calling fidelity ab it.
[deleted] 1 points 1y ago
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