3 ms·

I didn't understand the bit of the refresher grant. If his grant is $50K a year on joining, wouldn't it be 50K a year on refresh? Or is he making the point tha

• eloisant 8y ago
  Your initial grant is not "$50K a year". It's for example, "200k over 4 years". And it's not actually in USD, it's in number of stocks. So if the GOOG stock is $1000, your grant would be "200 stocks vesting over 4 years". Now when you get a promotion, you'll get a new set of stocks vesting over 4 years. If you get the promotion before the 4 years expire (usually the case) it will overlap with your initial grant.
  • davidgay 8y ago
    Refreshes are not only on promotion.
• deleted 8y ago
  [deleted]
• mrep 8y ago
  You get a 4 year grant when you sign your offer. Then, usually after your first full calendar year, you get another 4 year grant which usually is worth about 1/4 of your initial grant. This way, your total compensation stays somewhat constant* year to year even after your initial large 4 year grant finishes because you will have accumulated 4 1/4 sized grants. *There are some caveats to that like usually people experience a slight drop in total compensation on their 5th year, FB/G refreshers are much much better than Microsoft's and Amazons (Amazon won't even give you refreshers if the stock is doing well like it has because your are "overpaid"). Netflix doesn't do any stock stuff at all and instead pays everyone in straight up cash and yes, they do offer senior engineers 300,000+ a year in base salary.