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They are expressed in dollars, but converted to stocks at the grant-time value, and vested in number of stocks.
by yunohn 5y ago
They are expressed in dollars, but converted to stocks at the grant-time value, and vested in number of stocks.
- what_ever 5y agoCoinbase is different. The conversion to stocks doesn't happen at grant-time value for all of the grant. The conversion happens at the start of every year of the grant life. So if the stock goes up in the first year, you get fewer stocks for the second year (equaling to grant/4 in value). See my other sibling comment in this thread.
- jen20 5y agoIt’s unclear to me why this is being downvoted: that is exactly how it works at my (FAANG) employer.