The analysis is also missing the option value in being able to decide whether to extend or cut short your employment based on the value of your unvested RSUs.

The analysis is also missing the option value in being able to decide whether to extend or cut short your employment based on the value of your unvested RSUs. Suppose you get paid $100k in RSUs. If the value declines by half to $50k, you can try to job-hop to another place where you get a different RSU grant that's worth $100k again. If the value doubles instead to $200k, you can park your butt and vest the whole balance of RSUs instead. This is true even with selling your employer's shares immediately on vesting (which you absolutely should do).