I have been granted some Restricted Stock Units by my company. One thing that’s mentioned and I don’t understand from the grant letter is if the shares are due for vesting and if we want to exercise the right of these vested shares, we have to pay the par value of these shares.?Can someone help me what this par value is?Is it the face value of the stock? And also how do RSU in general work.
I believe Par value can be face value or book value or some predetermined price mentioned in the agreement , I guess you should confirm with your HR/compliance team.
This article might be useful as well -