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From Twitter: > After almost 4 years, I made the difficult decision to leave Facebook, and 12/30/20 was my last day at FB. I've had a great experience in a dif

by geodel 6y ago

From Twitter: > After almost 4 years, I made the difficult decision to leave Facebook, and 12/30/20 was my last day at FB. I've had a great experience in a difficult, fun, fast-growing and impactful role at the company working with amazing people From internet: > At Facebook, RSUs are subject to a 4-year vesting schedule: 25% vests in the 1st year (5% every 2.4 months), then 25% in each of the 2nd, 3rd and 4th years (6.25% every 3 months) I guess good for him to enjoy his wealth now. I wish him good health.

high_derivative 6y ago
The initial 4 year schedule is largely irrelevant, considering high performers get large refreshers.
- ffggvv 6y ago
  not true. people usually have a large cliff after four years where their compensation goes down. because they ir initial grant is no longer vesting so they go from: initial grant / 4 + (refreshers x 3) per year to: refreshers x 4 per year in addition, refreshers are given at the current stock price whereas the initial was grant was given at the 4 years ago price which was much lower therefore appreciated considerably
- fractionalhare 6y ago
  And even those who receive just a standard "Meets Expectations" rating receive sufficient refreshers that there isn't that big a cliff after four years either. It may go from something like $500k to $450k. There's a lot of jumping around at the 3-year mark, especially for people who want to cash in their FAANG brand for a similar package somewhere else. But once you get to E5 and higher there is significant financial incentive to stay with FB for longer than the initial four years.
  - zeroonetwothree 6y ago
    For an E5 you get ~600k initial grant and 120k refresher for meets all. So your equity comp goes Year 1: 150k Year 2: 180k Year 3: 210k Year 4: 240k Year 5: 120k That’s a pretty big drop. It’s less if you have higher ratings or promo of course.

by geodel 6y ago

high_derivative 6y ago

The initial 4 year schedule is largely irrelevant, considering high performers get large refreshers.

ffggvv 6y ago
not true. people usually have a large cliff after four years where their compensation goes down. because they ir initial grant is no longer vesting so they go from: initial grant / 4 + (refreshers x 3) per year to: refreshers x 4 per year in addition, refreshers are given at the current stock price whereas the initial was grant was given at the 4 years ago price which was much lower therefore appreciated considerably
fractionalhare 6y ago
And even those who receive just a standard "Meets Expectations" rating receive sufficient refreshers that there isn't that big a cliff after four years either. It may go from something like $500k to $450k. There's a lot of jumping around at the 3-year mark, especially for people who want to cash in their FAANG brand for a similar package somewhere else. But once you get to E5 and higher there is significant financial incentive to stay with FB for longer than the initial four years.
- zeroonetwothree 6y ago
  For an E5 you get ~600k initial grant and 120k refresher for meets all. So your equity comp goes Year 1: 150k Year 2: 180k Year 3: 210k Year 4: 240k Year 5: 120k That’s a pretty big drop. It’s less if you have higher ratings or promo of course.