RE:Management Selling RSU's - Questionable Timing!!!!Possible the RSUs vested on October 5 and because the company is testing a well right now they might be in blackout and therefore unable to opt for the share grant (which is effectively the same as exercising an option) and instead were required to take the settlement in the cash equivalent. The quantum is immaterial, but it does send a bad message, regardless of if the decision was out of their hands or not.
In a restricted stock unit plan, your company offers you an economic interest measured by your company's stock, and makes payment to you at a future date or event specified in your own grant agreement and company plan. Under most plans, you will have to decide whether to accept or reject the grant. If you accept, you may be required to pay your employer a purchase price for the grant. Assuming that your grant vests under the vesting rules that apply to you, you will receive shares of company stock or the cash equivalent (depending on your company's plan rules) when you reach the distribution date specified in your plan and grant agreement.