Restricted Share Units (RSUs)
An equivalent term to Restricted Share Rights. Also commonly called Restricted Stock Units (common in Canada and USA). They may also be called Zero Exercise Options (ZEPOs). A grant of units that are subject to service requirements for vesting. Some companies and remuneration advisors incorrectly label Share Units subject to performance requirements as RSUs. These are more correctly labelled Performance Share Units (PSUs). Units are usually settled in stock but can be settled in cash of equivalent value. They may include dividend equivalents.
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