- In order to get benefit from this stock incentive, you need to ‘Exercise’ the ADR RSU.
- By ‘Exercise’, we mean you choose any of the following Payment Options and complete the process with the payment mode you select.
- Cashless – Sell All:
- If you choose this option, you must upload the signed Sale Authorization Form.
- This means you authorize the broker (MSSB) to sell the stock on your behalf in the secondary market. The broker (MSSB) will deduct Exercise price & applicable taxes & credit your Broker account for net proceeds.
- You may later instruct the broker to transfer the amount to your bank account.
- Cashless – sell partial:
- If you choose this option, it means you allow the broker to sell only a specific number of stocks that will cover Exercise price and taxes.
- The remaining stock will be credited to your Broker account(or Demat Account?).
- You can hold the remaining stock of the company in your Broker account(or Demat Account?).
- Cash – Wire-transfer:
- This option means you want to completely hold on to the stocks that are now vested.
- You have to pay for the Exercise price & applicable tax as mentioned in our previous email.
- Once the allotment process is complete, the stock will be credited to your Broker account (or Demat Account?).