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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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A restricted stock unit (RSU) is a form of compensation offered by an employer to an employee in the form of company shares, which are granted but come with restrictions and a vesting schedule.
Employees who receive restricted stock units as part of their compensation package are required to report these on their tax filings.
To fill out restricted stock unit filings, the recipient must include the value of the shares received at the time of vesting in their income tax return and report it accordingly.
The purpose of restricted stock units is to incentivize employees by aligning their interests with those of the company's shareholders and encouraging employee retention.
The information that must be reported includes the number of RSUs granted, the vesting schedule, the value of the shares at vesting, and any taxes withheld.
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