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FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT
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Form restricted stock units refers to a type of compensation issued by a company to its employees in the form of stock units, which represent a promise to deliver shares of stock at a future date, typically subject to vesting conditions.
Employers who issue restricted stock units to their employees are required to report this on their tax filings, and employees must also report the income received from these units.
To fill out the form, employers need to provide the details of the restricted stock units granted, including the number of units, vesting schedule, and the fair market value at the time of vesting.
The purpose of form restricted stock units is to identify stock-based compensation provided to employees, ensuring proper reporting for tax and accounting purposes.
The information required include the number of restricted stock units granted, the grant date, vesting conditions, fair market value, and the recipient's details.
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