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Glossary term
RSU — Restricted Stock Unit
Restricted Stock Unit — equity compensation where company promises shares after vesting. FMV at vesting day added to T4 income, taxed as employment income. Typically 4-year vest with 1-year cliff.
Related terms
ESPP
Employee Stock Purchase Plan — payroll-deducted contributions to buy company stock at a discount (typically 1…
Eligible Investor
Investor category for exempt market securities (NI 45-106): (a) net assets $400K+ alone or with spouse, OR (b…
Accredited Investor
Higher exempt-market tier: (a) income $200K solo / $300K with spouse 2 of last 2 years, OR (b) net financial…
EMD
Exempt Market Dealer — CSA-licensed firm category that distributes exempt market securities (MICs, private RE…
CIRO
Canadian Investment Regulatory Organization — SRO regulating investment dealers (former IIROC) and mutual fun…
NRD
National Registration Database — CSA's central registry of all licensed financial professionals in Canada. Ev…
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