Starbucks Baristas: The daily grind
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can someone explain the stocks thing to me?? (self.starbucksbaristas)
submitted by Ok_Investigator4314
i’ve been working at sbux for almost a year and I forgot that we could be apart of the stock but idk how plz help
interyx 4 points 9m ago
Ok, here's how it works.
If you're eligible for benefits, around November-December there will be a notification that goes out around the store that stock grants are being distributed. There should be instructions to set up a Fidelity account and accept your grant.
Usually this will be about seven shares. BUT. These are Restricted Stock Units or RSUs. The restriction is that they are only "vested" or given to you when they mature according to the schedule in the grant paperwork. Half of them mature after one year, the other half after two years. So November 2023 you should get half your stocks and accept a new grant. In 2024 you'll accept a new grant, get the back half of your stocks from 2022 and the front half of your stocks from 2023.
Then it will just keep going like that year after year until you quit. Or die.
If you're eligible for benefits, around November-December there will be a notification that goes out around the store that stock grants are being distributed. There should be instructions to set up a Fidelity account and accept your grant.
Usually this will be about seven shares. BUT. These are Restricted Stock Units or RSUs. The restriction is that they are only "vested" or given to you when they mature according to the schedule in the grant paperwork. Half of them mature after one year, the other half after two years. So November 2023 you should get half your stocks and accept a new grant. In 2024 you'll accept a new grant, get the back half of your stocks from 2022 and the front half of your stocks from 2023.
Then it will just keep going like that year after year until you quit. Or die.
noimpatrick1 1 points 9m ago
If you quit before the second half matures, can you still keep the first half or does it go back to the company? Also if you quit without touching them even if theyve already been vested to you, do they just give them to you in your last paycheck?
interyx 2 points 9m ago
As soon as you get your stocks you just have them in your account. You don't have to do anything once they have been vested, and they can't take them away. That would be like taking back a paycheck. As soon as you quit whatever is pending just goes away. If they process your termination the day before stocks vest you just lose them.
noimpatrick1 1 points 9m ago
Ahh okay thank you!
rositalagata 2 points 9m ago
It depends on what "stocks thing" you're referring to; there are three different "stocks things"
clouds183 2 points 9m ago
can you explain any of them??
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