Financial Reporting is improving the vesting schedule types supported and updating the UI so it's easier than ever to set it up and generate reports.

What's new?

Milestone award support (Dec 2024)

Milestones are a type of vesting schedule that can be set up at the grant level and that are vested by admins upon holders accomplishing certain achievements. Milestones can be used as a catch all alternative where a performance condition will not suffice. See this support article for information of what vesting schedule types fall under 'milestone vesting' at Carta.

Milestone awards that were granted historically will true up on the next report run in Financial Reporting. Any expense that would have been attached to these historically will be booked in the most recently run period. 

NEW: Mixed-vesting milestone support

We've added support for double-trigger milestone awards, where vesting requires both a milestone condition and a performance condition (non-market or event-based) to be met. Previously, milestone tranches with performance conditions were blocked and produced an error.

Contact 718@carta.com if you would like to discuss how to treat these awards.

Anything else I need to know?

If you have any questions or want to talk to an expert about these new changes, reach out to 718@carta.com.