20 Restricted shares of S-A stock

After today use that piece of paper for oragamy. The kids will get more excitement out of it than you.

 

When I phoned hr, I was told JP Morgan. Would be mailed yesterday (Tuesday), expect to receive Thursday. Retired 2012. Also told if I didn't receive to call hr. I'll give it to Friday.

 

JPMorgan.

 

$1109.76...

 

Good luck in getting a call back from Sanofi HR. Leave a message and leave your lawyers contact info and you'll get a call back quickly.

 

SA HR department has nothing to do with this, why would they be involved anyway? If you are eligible and met the vesting requirements for the stock, it is in the broker's account for you at JP Morgan.

 

problem is that there was never a bank nominated to handel the divestiture to employees. the decision was made in Paris to hold the shares until the vested in '14 and then select a bank to handle. I haven't followed closely within the past few years, other than to walk over to HR Benefit/Pension investment "group"and ask them for updates. I know that a bank has recently been chosen and there should be a mailing coming out now that they have vested.

 

A little suspect that they can the ceo and tank the stock as these shares are vesting... In true Sanofi Fashion

 

The stock options savings on a lower priced stock dwarf the billions lost on a ten point stock drop. Mr. Bigg would rather have died as a small child than cast a deed that lowers company market value,

 

I just found a letter from Sanofi about the restricted shares. The letter is not dated. I left in 2014. I moved as well and haven't gotten anything about this again.

It says I had 20 shares and the as a result of the vesting of them on October 28, 2014, a tax obligation had to be satisfied.

So, they sold 8 of them to cover the taxes.

*Fair market value October 28, 2014: $95.8607
Taxable compensation: $1917.21
Federal income tax: $533.95
SS tax: $118.87
Medicare tax: $27.80
State tax: $86.27

I have a letter from JP Morgan saying I have or had 24 shares. It's dated 10/30/14.

*Fair market value October 30, 2014: $45.7000

Wow! In 2 days time, I was taxed on these stupid shares being worth over twice as much as they were supposedly worth two days later.

Calling JP tomorrow. Am sure they are worth zero or Sanofi did something to make them go away or whatever.

Just posting in case others have forgotten about this.

 

Sanofi was very transparent throughout this whole process - lol- tried to get reimbursed long distanced phone call to Paris and sat on hold for 45 min and talked to some Frog for 30 minutes to figure out what I got . Well I had a 89.00 phone call and some reach around info on getting a check . Horrible company.