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Entering RSU grants

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Jon

02 May, 2019 04:05 AM

How are people entering their Restricted Stock Unit (RSU) grants in Moneydance?

I searched the discussions and saw the general edvice to create a "RSU Vest" income category and enter vesting events as BuyXfr with that category, but I'm looking for more detail.

I'm used to Quicken where I enter the number of shares granted and the vesting schedule and it enters all the register entries for me.

For the purposes of this discussion, assume I'm at IBM and received a grant of 100 shares on Jan 1 2018, vesting annually at 25% each year for 4 years (25 shares each year)

For MoneyDance, it seems like I should do the following:
- Create income category "Investment:RSU Vest"
- Create "IBM" as a security and add to my "IBM RSU" account
- Create register entry for my first vesting event, e.g.
Date: 01/01/2019
Action: BuyXfr
Description: "IBM RSU Vest"
Security: IBM
Transfer: Investment:RSU Vest
Shares: 25
Price:1
Memo: IBM RSU grant 2018-01-01
- Duplicate that transaction 3 more times, changing the date for each transaction to the upcoming vesting dates : 1/1/2020, 1/1/2021, 1/1/2022
- On each vest date, update the price for that transaction with the purchase price actually paid after the fact.

Is that reasonable? I started this way, but I looked at the Portfolio view of my RSU account, and I see it's showing stock for all my transactions even though they're all in the future. I'd expect an investment account to show me the status of my account as of the current date, not including future transactions that haven't happened yet.

The other approach would be to create a reminder transaction that auto-enters the vested stocks on each vest date.

If you have RSUs in MoneyDance, how are you tracking and entering your grants?

1. 1 Posted by cookie87 on 04 May, 2019 12:21 AM

   

   I converted from Quicken to Moneydance years ago when I changed from PC to Mac. There's a lot to like in MD, but investments are the weakest link. Basically, I no longer enter or tracks - I keep track at my company's stock plan administrator's site. Upon vesting I enter the net income (I have a category called Salary:RSU Vesting for the gross FMV at vesting, then enter all the tax withholdings in a split transaction), then I buy the net shares with the remaining proceeds. I did try a few different ways to enter grants (years ago) but I found it was a lot of work for an imperfect outcome, so not worth the effort.

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2. 2 Posted by Jon on 17 May, 2019 12:50 PM

   

   Yes, I'm definitely noticing the weakness in the investment tracking.

   Just had to enter an RSU vest event, and realized there's no way to have a split transaction in a investment account, so there's no easy way to record the withheld shares / taxes in a single transaction. I either enter a separate sellxfr for each tax type (fed, state, etc.) or have a generic "Tax:RSU Withholding" category and lump it all in there.

   This is starting to get annoying. I don't expect moneydance to track complex options strategies, but I didn't expect so many large gaps in capabilities.

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3. System closed this discussion on 16 Aug, 2019 01:00 PM.