4 ms·
One thing I really liked about Tanium was the way they handled employee equity. First starters, they granted RSU's instead of ISOs, so when you leave the compa
by nfriedly 6y ago
One thing I really liked about Tanium was the way they handled employee equity.
First starters, they granted RSU's instead of ISOs, so when you leave the company you just get to keep whatever stock you've earned without needing to write a big check and pay a bunch of taxes all at once.
Secondly, they did something like what the article suggested and every time the company raised fumding (about once a year), they allowed employees to participate and sell stock (with some restrictions.) In fact, the company has been profitable for a while, so I think allowing employees to sell stock is the primary reason they still do regular funding rounds.
I ended up leaving for other reasons, but I always felt like they treated me well in that regard.
- Cd00d 6y agoI was at a company that issued me an generous RSU package each year. Roughly $60k/year equivalent. When my department was made redundant and we were laid off, turns out I didn't actually have any stock. The account reverted to $0. Though, true, I never needed to write a big check or pay a bunch of taxes.
- nfriedly 6y agoOuch. I think Tanium's was initially like that, ("double trigger") requiring both vesting time and a liquidity event (acquisition, IPO, etc.) But they changed it to just vesting time ("single trigger") while I was there.