Can we finally get real RSU (account and transaction) support?

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Comments

  • Rod ClarkRod Clark Member
    edited November 2018
    Tom Young said:

    Since I've never, ever used any of the Employee Stock Options features in Quicken perhaps I'm missing something here.

    There are, really, only two kinds of employee stock options: NQSO and ISO.

    An RSU is a NQSO
    An RSU requires no out of pocket cost
    An RSU "exercises" on the day it vests

    So I tried entering a simply RSU for 100 shares.  I set the option price at the smallest "per share exercise price" I could at $.000001 per share.  The RSU vested 6 months after the grant.

    As far as I could see this worked just fine.  (Quicken didn't compute the compensation created by the exercise, but I'm not sure that Quicken does that in any case.)  And after the RSU vests the stock is just plain-vanilla stock.

    So specifically, what's not working with RSU?image

    Clever. We live in an alternate universe.
  • joe kanejoe kane Member ✭✭
    edited November 2018
    Tom Young said:

    Since I've never, ever used any of the Employee Stock Options features in Quicken perhaps I'm missing something here.

    There are, really, only two kinds of employee stock options: NQSO and ISO.

    An RSU is a NQSO
    An RSU requires no out of pocket cost
    An RSU "exercises" on the day it vests

    So I tried entering a simply RSU for 100 shares.  I set the option price at the smallest "per share exercise price" I could at $.000001 per share.  The RSU vested 6 months after the grant.

    As far as I could see this worked just fine.  (Quicken didn't compute the compensation created by the exercise, but I'm not sure that Quicken does that in any case.)  And after the RSU vests the stock is just plain-vanilla stock.

    So specifically, what's not working with RSU?image

    In the true Alternate universe, the Quicken team would implement an RSU accounttype, with buy/vest and sell transaction wizards/support.


    Thanks for taking the time to comment and resurfacing my thread request.
  • PlanethillPlanethill Member ✭✭
    edited December 2018
    My 19 year old son has been working at Starbucks for a few years, and they periodically grant him what they call "Bean Stock".  Essentially it's RSU shares in SBUX as a thank you for working there.  As long as he remains employed at Starbucks, 50% vests on the one year grant anniversary, and the remaining 50% at two years.

    Well, his first grant just vested the first 50% and I was trying to show him how to track this in Quicken.  "It'll be easy" I said.  Nope!   After pulling my hair out, I stumbled on this thread. 

    Add us to the list requesting this feature!
  • joe kanejoe kane Member ✭✭
    edited December 2018
    Planethill,

    Thanks for the validation and please remember to vote up the thread by liking it (although honestly I don't really see the correlation to accepted features).

    C'mon Quicken team, show us some love here.
  • brianleonardbrianleonard Member
    edited January 4
    My vote's in. 

    Is Quicken still actively under development. I've consistently upgraded annually, but have held off since they moved to the new subscription model because I haven't seen any investment on Quicken's part.
  • joe kanejoe kane Member ✭✭
    edited February 10
    Well, the conversion to the new site has certainly scrambled the multi-threaded comments from the previous getsatisfaction system.  But the long overdue feature request and support for full RSU account/transaction handling remains. 

    For those who have/handle RSUs,  please continue to vote your support.
  • MaikeerMaikeer Member ✭✭
    edited February 10
    Some built-in RSU functionality would be very good, and I have voted support.

    For me, it has not been too difficult, in terms of workarounds in a separate brokerage account.   On the two times a year that I have RSUs vesting I do the following:

    • "Add" shares of the underlying stock for the number and FMV of the vest.
    • "Sell" the number of shares sold to satisfy taxes and, a
    • "Withdraw" funds for the tax sale proceeds sent directly to the IRS
    This information is all available on the designated broker's website.  I'm then left with the RSUs I own and can sell, and when I do sell, I "withdraw" funds, this time for the electronic transfer sent to my bank, and the capital gains calculations works normally.   

    What's missing, of course, is a more streamlined procedure and way to model in the future.  And I am not available to track the W-2 component effectively, as part of the paycheck.
  • UKRUKR ✭✭✭✭✭ SuperUser ✭✭✭✭✭
    Conversion to the new Community website wiped out all the Vote counts.

    If you would like to see this enhancement made in a future version of Quicken please click the "Up" triangle under the voting count in the big blue box at the top of this webpage (or page 1 for long discussions). Wait a moment for the vote count to be registered and updated before you go on.


  • Jeff N.Jeff N. Member
    edited March 17
    When are we going to have "real" support for entering & tracking RSU grants, rather than just Employee Stock Option grants?
  • ps56kps56k ✭✭✭✭✭ SuperUser ✭✭✭✭✭
    edited March 17
    Just a random link to an explanation of what a RSU is - for those of us in the dark -
    Key points:
    • Restricted stock units (RSUs) are a way your employer can grant you company shares.
    • RSUs are nearly always worth something, even if the stock price drops dramatically.
    • RSUs must vest before you can receive the underlying shares. Job termination usually stops vesting.


    Quicken 2019 Deluxe - Subscription - Windows 10
  • Jeff N.Jeff N. Member
    Maikeer said:
    Some built-in RSU functionality would be very good, and I have voted support.

    For me, it has not been too difficult, in terms of workarounds in a separate brokerage account.   On the two times a year that I have RSUs vesting I do the following:

    • "Add" shares of the underlying stock for the number and FMV of the vest.
    • "Sell" the number of shares sold to satisfy taxes and, a
    • "Withdraw" funds for the tax sale proceeds sent directly to the IRS
    This information is all available on the designated broker's website.  I'm then left with the RSUs I own and can sell, and when I do sell, I "withdraw" funds, this time for the electronic transfer sent to my bank, and the capital gains calculations works normally.   

    What's missing, of course, is a more streamlined procedure and way to model in the future.  And I am not available to track the W-2 component effectively, as part of the paycheck.
    So you don't track the value of your unvested RSUs?
  • Please add this.  I have always just had them off the books until they vest, but would love a way to track them and anticipate vesting dates.
  • Michael JonesMichael Jones ✭✭✭✭ Member ✭✭✭✭
    While we are talking about this, can we also add restricted cash grants in here as well? My employer uses a combination of RSU and cash on a vesting schedule as well. I've not tried to mess with it in Quicken, and thinking maybe I might want to make a backup file to play with a little bit. But for me anyhow, like the RSU discussion I think, it works like this:

    2019 - grant of $10,000, vesting $2,500 per year over 4 years
    2020 - may get a new grant with new terms, first $2,500 available for cash out, brokerage transfer, etc.
    etc.
    etc.
    etc.
  • joe kanejoe kane Member ✭✭
    Kicking the thread again. Quicken Team, Please add support for RSU Account, and RSU transactions: Vest RSU shares, Sell RSU shares.
  • txbdantxbdan Member
    bump, RSU support would be much appreciated.
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