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I could not disagree more. Public companies will give you $X amount in stock. In writing. With specific vesting periods, etc. Obviously if the stock goes up or

I could not disagree more. Public companies will give you $X amount in stock. In writing. With specific vesting periods, etc. Obviously if the stock goes up or down so does your pay. But there’s no real way for companies to game this against you. Nearly Every highly paid SWE in the US takes a significant amount of their pay in equity. As an anecdote - I take around 70% of my pay as equity and so does everyone I work with.

6gvONxR4sf7o 5y ago
Public companies will sometimes tell you $X amount of stock and not tell you the number of shares, which is what actually matters. For the purposes of the offer, the dont generally use today’s market price as their price per share. In those cases, you can actually end up with less than is offered. And in pre-IPO companies that’s the norm, but that’s beside the point.
- rblatz 5y ago
  Every grant I received had exactly how the number of shares would be calculated. Typically a trailing 10 day average as of the closing on a specific date.
  - 6gvONxR4sf7o 5y ago
    Same, but I have friends who have gotten royally screwed on this :(
    - rco8786 5y ago
      And friends who have gotten lucky when a dip happens right around conversion time.
- rco8786 5y ago
  They will always tell you $X in stock, how else would they value it? But there will be a set date on which that $ amount converts to a number of shares, which then vest over time according to a schedule. I have never seen an offer from a public company that has a # of shares attached to it. Only a dollar amount. Then it converts based on market value at conversion time.
  - AmericanBlarney 5y ago
    Work at a FAANG - received a specified number of unvested shares with my offer, and a fixed vesting schedule.
- chickenpotpie 5y ago
  Don’t know why this is being downvoted, this happened to me. Company IPOd and didn’t really know what to value their stock at yet because it was so volatile so they offered me $x with the exact number to be deterred after a few months

6gvONxR4sf7o 5y ago

Public companies will sometimes tell you $X amount of stock and not tell you the number of shares, which is what actually matters. For the purposes of the offer, the dont generally use today’s market price as their price per share. In those cases, you can actually end up with less than is offered. And in pre-IPO companies that’s the norm, but that’s beside the point.

rblatz 5y ago
Every grant I received had exactly how the number of shares would be calculated. Typically a trailing 10 day average as of the closing on a specific date.
- 6gvONxR4sf7o 5y ago
  Same, but I have friends who have gotten royally screwed on this :(
  - rco8786 5y ago
    And friends who have gotten lucky when a dip happens right around conversion time.
rco8786 5y ago
They will always tell you $X in stock, how else would they value it? But there will be a set date on which that $ amount converts to a number of shares, which then vest over time according to a schedule. I have never seen an offer from a public company that has a # of shares attached to it. Only a dollar amount. Then it converts based on market value at conversion time.
- AmericanBlarney 5y ago
  Work at a FAANG - received a specified number of unvested shares with my offer, and a fixed vesting schedule.
chickenpotpie 5y ago
Don’t know why this is being downvoted, this happened to me. Company IPOd and didn’t really know what to value their stock at yet because it was so volatile so they offered me $x with the exact number to be deterred after a few months