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zuhayeer

Seems like the main things are

1) no more negotiation

2) switching to single year equity grants

Some more info about single year grants: https://www.levels.fyi/blog/lyft-vesting-schedule.html

Also comes as an opposite to the rest and vest culture.

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single year grants are so dumb - just give me cash at that point

That's what it is. It's just a cash payment provided as stock. You can sell them immediately and turn them into cash. They are taxed as income.

Yeah fuck that tho. My mortgage broker doesn’t care about some crypto fintech rsus

Gotta keep that carrot dangling

Not sure i follow - surely it’s not going to reduce your total comp but if company valuation say doubles over 1 year they’ll just give you half of your previous grant. So don’t think I’d call this a carrot.

In my experience RSUs are granted in a dollar amount at whatever the price of the stock is at grant time. If the stock price rises over the year, your grant value will increase. What I meant by the “carrot” is the dangling of this vesting/payday over x amount of years/quarters with no real guarantee.

Usually it’s a 4-year grant so this carrot has been effectively quartered. So at this point it’s “no thanks I’ll take cash”

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