To say that it is backloaded is misleading. Yes, technically speaking, the stock only compensation is backloaded. But that is balanced out by a 2 year "signin

To say that it is backloaded is misleading. Yes, technically speaking, the stock only compensation is backloaded. But that is balanced out by a 2 year "signing bonus" that is front loaded an equivalent amount of money, such that you are almost getting a hybrid stock/signing bonus package, so that it is technically the same amount of compensation each year.