3 ms·
Seems like the main things are 1) no more negotiation 2) switching to single year equity grants Some more info about single year grants: https://www.levels.f
by zuhayeer 5y ago
Seems like the main things are
1) no more negotiation
2) switching to single year equity grants
Some more info about single year grants: https://www.levels.fyi/blog/lyft-vesting-schedule.html https://www.levels.fyi/blog/lyft-vesting-schedule.html
Also comes as an opposite to the rest and vest culture.
- whateveracct 5y agosingle year grants are so dumb - just give me cash at that point
- mdocherty 5y agoThat's what it is. It's just a cash payment provided as stock. You can sell them immediately and turn them into cash. They are taxed as income.
- dilyevsky 5y agoYeah fuck that tho. My mortgage broker doesn’t care about some crypto fintech rsus
- tru3_power 5y agoGotta keep that carrot dangling
- dilyevsky 5y agoNot sure i follow - surely it’s not going to reduce your total comp but if company valuation say doubles over 1 year they’ll just give you half of your previous grant. So don’t think I’d call this a carrot.
- tru3_power 5y agoIn my experience RSUs are granted in a dollar amount at whatever the price of the stock is at grant time. If the stock price rises over the year, your grant value will increase. What I meant by the “carrot” is the dangling of this vesting/payday over x amount of years/quarters with no real guarantee.
- dilyevsky 5y agoUsually it’s a 4-year grant so this carrot has been effectively quartered. So at this point it’s “no thanks I’ll take cash”