Creating a Custom Vesting Schedule

You can add a custom based vesting schedule for equity types such as options, warrants, share grants, phantom shares and RSUs.

The custom vesting schedule allows for customization of tranches that do not fit Capdesk's standard schedule types. For the purpose of this article, we will use an option grant as an example.

1.  Navigate to Equity Awards > Options.

2. Click Issue Grant > Issue online/Register offline issuance. 

3. Select an existing holder or click on Or add a new optionholder. If a new optionholder is created, it will be necessary to add optionholder details, such as name, email, stakeholder type, stakeholder category, etc. 

4. Enter the details related to the option. The required details (marked with a red asterisk on the platform) will vary according to the equity type. The main field to note in this instance is Options, as the total amount of equity granted has to match the total amount of equity that vests in the custom vesting schedule. Note in this example, we are granting 500 options.

5. Under Vesting type, select Custom and state the date that the options start to vest.

6. Create each tranche of the vesting schedule. Click + Add a new row and state the quantity that is to vest under Vested on a Date. Keep adding each tranche until the vesting schedule is sums to the total number of options in the Vested total column.

7. If the total scheduled to vest does not match with the total options granted, you will get an error message. If the total scheduled matches the total granted, however, the grant will be saved and you will be redirected to the awards page. 

8. To expand the specific details about the grant, click View. The custom vesting schedule can be found under Vesting.