Employees do not always stay for the entire vesting schedule of their grants. With Ledgy, you can easily keep track of their vested grants at their departure.

If the employee is leaving the company, you can Terminate grants. This means the unvested grants of the employee will return to the pool.

To do this, go to the Equity Plans > Grants page, search for the employee who left, click to see their options, and then click on the three dots on the right-hand side and click Terminate [type of grant].


In the modal that opens, you will then be able to input the date of the termination and the number of grants to Terminate.


Tip: Ledgy automatically calculates and suggests the not-vested amount of the grant at the date you have entered, depending on the parameters of the grant. However, you can also still input the amount according to your company’s own calculations.

You can also attach any documents and internal notes to the transaction and Save.

The termination will appear in the Grants page as well as Ownership > Transactions with the label TN.


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