When you sign an offer with a company, how is the exact number of stock units you’ll get determined? I imagine its different from company to company but is it usually based on the price of the stock on your start date? If my grant is 100k for example, the number of stocks I get is 100k / price of stock. But how is that price determined?
The day when board of directors approve your stock grant.
This. In Apple, RSU are approved every 15th day of the month, based on the closing price of the previous trading day.
In okta every quarter they approve your grant which is kind of really bad bcos when I joined okta at that time price was 70$ and when they approved my grant at that time price was 123$
You don't calculate it, because it changes. Rather than a dollar value, the contract specifies number of shares. So when would be at the time the offer is extended. People speak in terms of dollar value because it is easier to understand and compare across companies.
At Facebook, average price for the full calendar month prior to your start date.
At many places especially non public it says it right on the offer. The dollar value is usually more nebulous. Paper money.
A random number generator