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by psds2
2172 days ago
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Thanks. The article initially read as if people had held their stock as if it was an investment and are mad they didn't sell to cover the tax bill sooner. After your explanation it is much clearer. tl;dr Uber accelerated vesting of employee grants so that they happened during the lockout period. Also they could have proactively taken more out to cover taxes for the employee but chose instead to take the minimum out. |
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They didn't do this for the same reason - they were paying for the withheld taxes themselves.