As I mentioned earlier today, employees in my company have been granted restricted stock, vesting in three years. I decided to do some research to try to determine how to track the value in Quicken, which I use for tracking my personal finances.
From what I can tell through some Google research, you don’t track restricted stock as part of your net worth. Those more familiar with the software than I suggest recording a future transaction (for the date of vestment) or using Quicken’s reminder feature to set up an alert for the date the restricted stock becomes common stock.
I’m not quite sure if I agree. Quicken tracks stock options, which have no real value until the option is exercised vested. Is restricted stock that much different? There’s the chance that the vestment won’t be realized (if I’m not with the company in 2009, for example), but should the value of the stock be included in my current net worth?
Updated October 9, 2016 and originally published March 15, 2006.