It is, but X over 4 years instead of X over one year is a pretty big difference. I suspect a lot of the ex-FAANG folks know this and are trying to push for it thinking they'll get that deal.
At some of these companies, vests happen monthly (at least, after the first year). It's effectively cash, adding 200k+ annually to a salary of 200+.
There's not even a one-year cliff anymore at Meta or Google.
I don't think that's what you intended, but I initially read that as equity for the company previously known as Twitter. Yeah, that over 4 years is definitely very different than over one…
Huh? It’s on the higher end but getting 200k stock a year vested is common enough for senior engineers at FAANG.
Given enough time, yeah. 400k salary doesn't have the time requirement. Of course if you're lucky the stock vesting could be worth more than the equivalent cash, but probably not so much now that ZIRP is over.
Facebook stock grants vest every three months, so it's as good as salary, so a senior engineer will be getting >$50k in stock every three months from day 1. Google is the same, except it's monthly. Not exactly the same as cash, but close enough for budgeting purposes.