From the course: Personal Finance Tips Weekly

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What to do with stock options and grants

What to do with stock options and grants

From the course: Personal Finance Tips Weekly

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What to do with stock options and grants

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- Okay, so let's say you're eligible for or received stock options or grants from your company. Now what do you do? Well, the first thing: get familiar with what these actually are. Then, understand what it is you've been given. If it's options, then you have the right to buy shares at a certain price. But the onus of action is on you. If it's grants, the company has granted you that stock. The initial onus of action is on them. Either way, you should have received documentation when you started your job or when you received the grant, perhaps as a bonus. If you can't find your documentation, go talk to your HR team and get them to show you these three things: what you are eligible for, specifically how many shares, what are the terms, the strike price and the vesting period, and what is their current value. If you work for a public company, you can work out the current value on your own by simply googling your company's share price. But if you received shares in a private company…

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