5 ms·
Stock refreshes are relatively common at FAANGs, the quantity of which depends on your performance. Tim, being a distinguished engineer, likely got a lot of RS
by ljhsiung 6y ago
Stock refreshes are relatively common at FAANGs, the quantity of which depends on your performance.
Tim, being a distinguished engineer, likely got a lot of RSUs. So while true his initial sign-on RSUs likely vested already, a sizable chunk did not fully vest yet.
So yeah I'd wager he still walked from ~1 million.
- jldugger 6y agoIndeed, at a steady state of annual refreshers, only something like 25 percent of your grant vests annually. My preferred approach here is to ignore the gross grant total and focus on the annual vesting portion. On that front you're not really walking away from 1 million only 250k? Still a lot for most folks but no different than engineers considering retirement. Presumably at age 64, as a distinguished engineer, Tim has enough cash to skip out on work in perpetuity if he so desires.