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(Disclaimer:I'm not a current employee, and I don't remember how it is supposed to work but,) check out the docs on the ERC pages about RSUs, I think it goes th
by hiddencost 13y ago
(Disclaimer:I'm not a current employee, and I don't remember how it is supposed to work but,) check out the docs on the ERC pages about RSUs, I think it goes through it there. If I recall precisely, it's actually _performance bonus_ RSUs that are subject to this, not the RSUs from the regular grants.
EDIT: thinking more specifically, here's what I recall (I browsed the doc as an intern last summer):
I believe that performance bonuses (which vest over a year?) are given a cash-value target in addition to a fixed # of RSUs to be granted. If, at the end of the year, the value of the RSUs (at time of grant) are less than the cash-value target, additional stock units are added to cover the difference.
This is the hazy memory of an intern, so, take it fwiw.
- srdev 13y agoAs a current employee... its not really a bonus since they're pretty consistent about the value of RSUs you get each year. Otherwise, yep thats pretty accurate. They have a number in mind that they wish to pay you. A portion of that will be in salary, and a portion of that will be in RSU's. At the time of the grant, they'll give a number of RSUs that have a cash value for the remainder that isn't covered by your salary.