Valuable dashboard & tools related to equity based compensation for employees and administrators
January 26, 2019
Valuable dashboard & tools related to equity based compensation for employees and administrators
Score 7 out of 10
Vetted Review
Verified User
Software Version
Solium Shareworks (legacy)
Overall Satisfaction with Solium Shareworks
Shareworks is used to manage the company RSU and ESPP programs across the entire organization globally. It allows employee visibility into their value, vesting schedules, release option elections, etc. Key features includes that it allows for lockdown during blackout periods to protect employees from trading during the blackout period unintentionally and automatic release options to sell shares, sell shares & hold shares to cover taxes or hold shares.
- Calendar of vesting schedule
- Visibility into value of various equity based compensation
- Ability to setup default release elections at vesting dates
- If banking information is incorrect for proceeds it can take weeks before notification of rejection and communication can be missed once sent
- Different activity views can show different data when a transaction is 'in process'
- Wish there was an option to test banking information entered for deposits, mine was rejected due to an unexpected issue with the name on my account
- The ability to provide employees with an detailed view of their equity compensation and the real time value of the assets
- Protection features in place to prohibit trading in blackout period
- Option for employees to cover taxes related to share purchase and sales is a benefit to employees