RSUs on Mac - what am I missing?

Jeff K

I'm running Quicken Deluxe v7.1.1 on MacOS. Does Premium have support for tracking RSUs? I've read that it's available on Win, but I'm unsure about the Mac version.

MontanaKarl

Assume that RSU means Restricted Stock Unit?

There is no special handling in QMac.

J. Holmes

No support for RSUs. I have somewhat created a kludgy workaround. I created 2 accounts, Account 1 - used to track/hold my RSUs and, Account 2 - transfer account when shares vest.

In Account 1, I use the 'Add Shares' feature for the total amount of my RSUs (or any additions). I set the total cost to 0.000001. As shares vest, within Account 1, I add a Sell + Miscellaneous Expense transaction for taxes. My employer withholds a portion of vested shares for taxes. Thereafter, I transfer the remaining vested shares to Account 2.

The only minor or cosmetic issue is with the 'Remove Shares' entry in the Description/Category field. Quicken appears to be grabbing the market close price to populate this field e.g., 51.034 shares @ 348.10. However, my employer is using a FMV of 337.34.

Below is an example.

MontanaKarl

Assume that RSU means Restricted Stock Unit?

There is no special handling in QMac.

Jeff K

Thank you.

J. Holmes

No support for RSUs. I have somewhat created a kludgy workaround. I created 2 accounts, Account 1 - used to track/hold my RSUs and, Account 2 - transfer account when shares vest.

In Account 1, I use the 'Add Shares' feature for the total amount of my RSUs (or any additions). I set the total cost to 0.000001. As shares vest, within Account 1, I add a Sell + Miscellaneous Expense transaction for taxes. My employer withholds a portion of vested shares for taxes. Thereafter, I transfer the remaining vested shares to Account 2.

The only minor or cosmetic issue is with the 'Remove Shares' entry in the Description/Category field. Quicken appears to be grabbing the market close price to populate this field e.g., 51.034 shares @ 348.10. However, my employer is using a FMV of 337.34.

Below is an example.

Jeff K

Thank you for the workaround. I'm giving this a try. I can now see what things are worth as the market moves, and then can make plans when they vest. Thanks again!