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Yes we have this (I work at Stripe). It is an annual recurring grant that has a one year cliff then renews automatically to vest quarterly. Say you get an offe
by tyre 4y ago
Yes we have this (I work at Stripe). It is an annual recurring grant that has a one year cliff then renews automatically to vest quarterly.
Say you get an offer with $100k in RSUs. That’s then divided by the stock price and that’s your initial grant. It vests in one year. After that you would do the same math again, except this time 1/4th vests quarterly.
It has pros and cons. It works well in challenging macroeconomic environments for the reasons others have mentioned.