AFAIK it’s a stock grant with a vesting (going to assume 3 year, 1 year cliff) period. So after 4 years at BigCo I own $200k in BigCo stock. I agree, options w

AFAIK it’s a stock grant with a vesting (going to assume 3 year, 1 year cliff) period. So after 4 years at BigCo I own $200k in BigCo stock. I agree, options would worthless. They only seem valuable for startups where you’re paying pennies against the potential of a $10/share IPO.