I have roughly 60K worth of stock vesting in March. I just recieved an offer from another company for 85K worth of stock vesting over 4 years. Base salary for new job offer is roughly 15K more than I make now and yearly bonus 5% more than my current company. No starting bonus at new company. 5.5 YOE
Over the next 12 months, you make more staying. Over the next 2 years, you make more staying. Over the next 3 years you make more leaving if you aren’t getting any raises or more stock staying. Probably stay.
Yeah.. I guess I am trying to consider both monetary benefit and mental sanity. I am very ready to leave my company
Oh, well, then ya maybe leave. Haha.
Can you push back your starting date to March? Having said that, it really depends on individual cases. In the past I gave up far more to prioritise growth opportunity and it paid off (got a promo in 10 months, met a great manager, landed a leadership role, and the new company stock went up so it made up the difference). But I was also lucky & thankfully had no debt/kids.
I was also considering this... I haven’t brought up this possibility to my recruiter
If this is Bay area (and you are an engineer or product manager) you are being low-balled on stocks. With 5 YOE people get 85k vesting per year
Engineer in Silicon Valley
Just stay till March. If they won’t move your start date, then tell them the offer isn’t compelling enough for you to leave at this time.
Is asking for a start date four months out reasonable?
In this profession, assuming you are a software engineer, every ask is reasonable. I asked my hiring manager if I could take a paid vacation almost immediately after my start date (this was in the summer). He said yes.
Ask for a sign up bonus to cover the lost stocks, or more stocks
Yeah, I told my recruiter how much I haven’t vested yet... but I didn’t tell him that a large portion of it would vest in March.
Just be upfront about the opportunity cost and let them choose.
Ask for a delayed start. Or negotiate a signing bonus to defray loss of vesting stock.
This is what the sign-on bonus is for. I negotiated the next 8-months of vesting stock in sign-on to avoid this scenario.
I was reading in other posts that the max sign on bonus they give is like 30K
Also account for the difference in terms of taxes between your long term capital gains (provided you hold your vested stocks for 1 year after) versus your selling and/or earned w2 income for the year. It could be 20-30% additional loss if you pay short term gain tax vs long term
Ie your signup bonus needs to account for that as it will be considered your regular taxed w2 income versus long term cap gains
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Do yourself a favor and stay until March, then jump ship.
Ugh.. I didn’t do the math ahead of time and already interviewed basically everywhere.