Originally posted by: FoBoT
i don't really know, but my guess would be it just wasn't reported correctly
the part of your OP that is confusing is you don't say how many shares they gave you, just $ amounts. they can't really give you $ amount, they either gave you X or Y number of shares
Stock awards are determined by the closing price on the N.Y. Stock Exchange on the first trading day of the calendar month following (1) approval of the request for stock award, and (2) processing of the approved award request by the Corporation or participating company.
U.S. Domestic-based employees of majority-owned companies, the number of shares to be awarded will be rounded up to the nearest whole number of shares equal to $10,000
Your stock award is considered imputed income, which means that we add the earnings amount to your income for tax purposes only, so that the applicable taxes are withheld. These earnings are reflected in your Box 1 earnings and your taxes are reflected in the appropriate boxes as well on your W-2 (This information is not a separate form or line item but is included on the W-2.)
WILL TAXES BE WITHHELD FROM MY DIVIDENDS?
The U.S. Internal Revenue Service (IRS) requires shareowners that have a U.S. Taxpayer Identification Number or Social Security Number to provide that number for every company in which they own shares that are directly registered in their name on the records of the transfer agent. When necessary, the IRS also requires certification of your taxpayer identification number by completion of Form W-9. Copies of Form W9 are mailed to U.S. persons receiving stock awards or can be obtained from Computershare?s website.
Computershare must report to the IRS dividend income amounts paid to registered shareowners during a calendar year. A copy of the report, Form 1099DIV, will be mailed to shareowners no later than January 31 of the year following the one in which you were paid at least $10.00 in dividends. Dividend payments are reportable whether a dividend payment is issued by a check, directly deposited to your bank account, or reinvested into additional shares of stock. To obtain this dividend information or a duplicate 1099DIV contact Computershare.
When shares are sold from your account at Computershare or a payment on shares is issued as a result of shares tendered or a similar transaction, Computershare must report gross proceeds of the transaction to the IRS. A copy of the report, Form 1099B, will be mailed to you no later than January 31 if you sold your shares in the prior year. To obtain a replacement Form 1099B contact Computershare.
Income from sources within the United States, such as dividends and interest that are received by a non-resident alien are subject to a 28% tax rate, or a lower rate if the United States has a tax treaty with your country. The withholding will take place at the time of the payment. To claim a reduced rate of, or an exemption from, withholding, non-U.S. persons must submit a Form W8BEN to Computershare. Copies are mailed to non-U.S. persons when they receive a stock award, or you can obtain a copy from Computershare?s website (
www.computershare.com/investor). To obtain this dividend information or a duplicate Form 1042S, you must contact Computershare.
Under Federal law, Computershare must withhold 28% of dividend payments and sale proceeds from a shareowner who fails to comply with certain IRS regulations such as providing a taxpayer identification number or certifying (with Form W9 and W8BEN) that you are not subject to backup withholding. The withholding will take place at the time of the payment.
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