With performance shares, and I could be wrong but they are give to you for free once they vest. However they are classified as income at the current price.
So if RAC is $50 / share and 1,000,000 performance shares vest, you would need to declare $50,000,000 on top of your marginal tax rate.
You would then sell 1/2 to make sure you can pay your tax just incase it goes down.
@Sk1nman you are here as well. I used to hold, had to free up cash. My boys still hold.
Ann: Notification regarding unquoted securities - RAC, page-11
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Last
$1.45 |
Change
-0.045(3.01%) |
Mkt cap ! $247.1M | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.52 | $1.45 | $62.74K | 42.47K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14110 | $1.45 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 666 | 1 |
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