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Adding vesting rounding

Customise your vesting rounding per plan or by grant, depending on your needs.

Support Team avatar
Written by Support Team
Updated over 2 months ago

Adding vesting rounding to a plan

Adding vesting rounding to a plan will ensure that any grants awarded from that plan will have the same vesting rounding. To add vesting rounding to a plan, please follow the steps below:

  1. Go to Equity Plans > Pools & Plans

  2. Select a plan and click the three dots next to it and click Edit or create a new plan, if it doesn't exist yet

  3. Scroll down to the Vesting section and head to General Setting - Rounding

  4. Select the type of rounding, between Down, Up or Nearest. To know which one to choose, please see below the expected behaviour per rounding type:

    • Down: Rounding down to the nearest whole option or share for any number less than 0.99. For example, 100.99 will be rounded down to 100.

    • Up: Rounding up to the nearest whole option or share for any number more than or equals to 0.01. For example, 100.01 will be rounded up to 101.

    • Nearest: Rounding up to the nearest whole option or share anything more than or equals to 0.5. For example, 100.5 will be rounded up to 101, while 100.49 will be rounded down to 100.

  5. Click Save

Reasons why you'd want to add rounding to a plan

  • To ensure that all grants from that plan have the same rounding type

  • To reduce the number of fields you will need to populate in the Excel file that bulk imports grants

Reasons why you'd not want to add rounding to a plan

  • If your rounding is different from grant to grant (in which case, we recommend adding the rounding to each grant individually or in the Excel file used to bulk import the grants)


Adding vesting rounding to a grant

If you'd like to add a rounding to a grant instead, the process is similar, simply follow the steps below:

  1. Go to Equity Plans > Grants

  2. Click Add grant or edit an existing grant by clicking the three dots next to the grant and selecting Edit

  3. Scroll down to the Vesting section and head to General Setting - Rounding

  4. Select the type of rounding, between Down, Up or Nearest.

FAQ

Will the rounding be changed for grants already in Ledgy?

No, only for grants awarded after the rounding has been set. All previous grants will keep the same rounding.

How do I bulk edit the rounding of multiple grants at the same time?

By following the steps in this video.

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