It’s a grant. You’re given $x value of stock (say $100k). It vests, meaning you can do with what you want, usually at 25% per year, often with a cliff at 1 year

It’s a grant. You’re given $x value of stock (say $100k). It vests, meaning you can do with what you want, usually at 25% per year, often with a cliff at 1 year and then quarterly/monthly after that. You may have restrictions on when you can sell depending on your position in the company and other rules. But that mostly sums it up at a high level.