A federal judge Tuesday tentatively ruled restricted stock units awarded to hourly Apple employees do not fall under federal exclusions that would allow the company to exclude the awards from employees’ regular rate of pay for the purposes of calculating overtime pay.
Restricted stock units (RSUs) are awards that give employees a contingent right to own company stock on a future date, subject to certain conditions. Vesting is the process an employee takes to earn ownership of the stock, such as waiting a certain amount of time or reaching a specific career level. READ MORE
