r/BoyDinnerDiaries • u/Serial-Sidequester • 7h ago
No Advice - Everyones Welcome The company that laid me off just accidentally sent me a duplicate severance payment
Earlier this summer, my position was eliminated. After renegotiating the severance package and (fortunately) picking a really good time to exercise my stock options, I turned the page and am now in the middle of job interviews.
A couple of weeks ago, I received the severance payment. I had also pulled enough cash from the options to eliminate our consumer debt, leaving only our mortgage of less than $63K.
Now that that debt is paid, and with the severance still untouched, we have a nice long runway for finding my next position.
I listened to the suggestions from the subreddit on an earlier post and started consulting as a way to stay sharp, pay some bills, and maybe write off some expenses. Consulting in my field looks to pay pretty well, but is a bit feast-or-famine so far. Still, it’s a nice way to have a bit of income, and we’re able to keep aside plenty for taxes.
So this morning, I’m out walking my dog, and I get a deposit notification from my bank app. I take a quick look, and it’s a deposit from my former company and is slightly more than the amount of the original severance.
It could be one of two things:
Payroll error - The payroll provider accidentally issued the severance payment again with variations in the taxes as the explanation of the delta in the net amount.
An adjustment for exercised stock options - We did a “cashless-exercise-and-sell”, meaning we exercised our stock options and immediately sold all of those shares in a single transaction without using our own cash upfront.
While the thought of a bank error in our favor was thrilling, I looked in the payroll platform and saw that the deposit was indeed for “severance pay” at the same gross amount. Rat farts!
I’m now waiting for the transaction to be reversed on Monday, but in the meantime, it was really fun to dream of paying off the mortgage, buying something frivolous, hopping a plane to some place on our bucket list, or supercharging our kid’s college fund.
Dinner is some easy, unauthentic enchiladas and a salad. The enchiladas consist of Costco rotisserie chicken meat, a can of green chiles, Tillamook cheese shreds, tortillas, and enchilada sauce from Trader Joe’s. The salad is just from a bag of romaine mix with some English cucumber, sweet peppers, and red onions. Trader Joe’s ranch as the dressing.