RSU vesting schedule issue

rbennett00

Version R54.16

If you enter a new RSU Grant transaction as follows: (example):

Grant date: 8/31/24
1,000 shares
Fully vested after 4 years (48 months)
First vest - 25% on 8/31/25, then every 6 months.

It should create a schedule like this:

8/31/25 - 250 shares
2/28/26 - 125 shares
8/31/26 - 125 shares
2/28/27 - 125 shares
8/31/27 - 125 shares
2/29/28 - 125 shares
8/31/28 - 125 shares

Instead it creates this:

8/31/25 - 250 shares
2/28/26 - 107.1428571 shares
8/28/26 - 107.1428571 shares
2/28/27 - 107.1428571 shares
8/28/27 - 107.1428571 shares
2/29/28 - 107.1428571 shares
8/29/28 - 107.1428571 shares
8/31/28 - 107.1428571 shares

rbennett00

Meant to add, the workaround is to set the initial vesting date to the 28th of the month instead of the 31st so that it doesn't create an extra event, but you shouldn't have to do that.