On Thu, Aug 4, 2022 at 10:19 PM Red S <[email protected]> wrote: > On Thursday, August 4, 2022 at 7:07:41 PM UTC-7 [email protected] wrote: > >> On Wed, Aug 3, 2022 at 12:45 PM George <[email protected]> wrote: >> >>> >>> 1. Based on my tax liability, the company sells S shares at price P. >>> Note, FMV != P. I am left with N - S = R shares, my remainder. Sometimes >>> a >>> little cash is left over and that is left in my brokerage account as >>> cash. >>> >>> I'm surprised FMV != P. The brokers should have handled all of that >> atomically. >> In any case, I assume you have the cash amounts and numbers of shares for >> both the vesting at FMV, and P sold for covering taxes? >> > > Interesting. As a datapoint, I've never worked for an employer where FMV > == P for a sell-to-cover RSU vest. There is always a small loss or gain. >
I can only speak for the case of shares of GOOG w/ Morgan Stanley, but they certainly report it as if it was sold at the FMV. It could be that there isn't an actual sale on the day of - if you think about it that would be something someone could take advantage of - it's possible that it's just an accounting thing w.r.t. to the entity holding the shares and the firm is large and savvy enough to strike unusual arrangements to keep things simple so it's very possible you cases differ. I do see those vesting events report a "Rounding Variance" row, but explain the difference "due to rounding" and it is always very small in comparison with the amounts involved (e.g. roughly 1bps) so I doubt it's anything related to execution. I don't really know. For all my datapoints, FMV is taken to the closing price the day before the > vest. P is the actual price obtained during the sale on the day of the > vest. I've noticed that the actual sale's time-of-day varies each time, by > upto 4 hours (i.e., in one case, the sell-to-cover sale was made about 4 > hours after the market opened). > > I'm just as curious as to the mechanics of FMV == P. How does the broker > sell a large number of shares for exactly the same price, all in one > instant? More precisely, how do they find buyers for such a large > transaction? > > -- > You received this message because you are subscribed to the Google Groups > "Beancount" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/beancount/7312ff9f-8357-45ab-94c5-6ad0ad5dd659n%40googlegroups.com > <https://groups.google.com/d/msgid/beancount/7312ff9f-8357-45ab-94c5-6ad0ad5dd659n%40googlegroups.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAK21%2BhPLgZ-9URMYV-mMbKmO-jmR%2BC9xehduAEVbL0W2L4pD8g%40mail.gmail.com.
