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I've been at Google fairly recently, that's not how it works. Your offer states that you will get $X of shares, vesting over 4 years. The $X is converted to a

I've been at Google fairly recently, that's not how it works. Your offer states that you will get $X of shares, vesting over 4 years. The $X is converted to a number of shares shortly after joining, based on market price, and is locked in from that point forward. Your friends are mistaken.

QuercusMax 5y ago
This is correct. I believe the share-price they pick is something like the average daily share price for the next full month after you join. So if you join Jan 28, the $$ value of your stock grant will be evaluated around March 1 to determine your grant-price, and then you'll get your first vested shares monthly (around the 25th, I think?). I believe they used to due quarterly vesting for folks who didn't get much equity, but now that you can have vesting of fractional shares, ~everybody should be on a monthly vesting schedule.