Financial Reporting update: Milestone support with performance conditions

We’ve made a few improvements to Financial Reporting to make vesting schedules easier to manage and report on. Milestone awards are already supported in Carta, allowing admins to vest grants when a holder reaches a specific achievement. If you previously granted milestone awards, they will automatically true up the next time you run a Financial Reporting report. Any related expense will be recognized in the most recent reporting period.

We’ve also added support for mixed-vesting milestone awards. This includes double-trigger structures where vesting depends on both a milestone and another performance condition (such as an event-based or non-market condition). Previously these types of awards would trigger an error, but they’re now supported in the platform.

If you’re using milestone vesting or thinking about it for future grants, feel free to share questions or experiences below. We’d love to hear how it’s working for you.