Stock Restrictions

Talking to a friend this weekend.

Company he works for is publicly traded.

ALL employees are prohibited from trading company stock for close to 5 weeks during the earnings window. This extends to a week after earnings also.

In some cases, when a stock vests, it is automatically sold. Employee has no control over that.

These restrictions are not transparently disclosed when one joins the company.

Both of these strike me as super restrictive and anti employee.

I wonder how many companies do this