What does the “record date” mean for a stock split? If I sell my shares after the record date and before the split, do I still receive extra shares?
The “record date” applies to those who hold the certificates in their name and when they will have new certificates mailed to them by the transfer agent. If you bought the stock before the split, your shares will split the same day as everyone else, regardless of the record date. If you sell your shares after the record date and prior to the split, you will not receive extra shares, and the split shares will go to the owner of the shares on the day of the split.
