I've received an offer from Facebook, and am yet to decide the joining date. I was wondering if its better to join on the 11th vs the 18th of November. From what I read in the letter, if I were to join on the 18th, the first vest would be on May 15th. Is it just that on the 15th of May the grant will be for a quarter, or would it also take into account the weeks worked in the previous quarter? I would appreciate it if any employee or recent joinee could clarify the above. TC: 250k
Stocks vest every 3 months. If you join 18th Nov then first vest is Feb
The offer letter says that the RSU start date would be the 15th of February, and the first vest would then happen on the 15th of May. And then its quarterly vest as you mentioned above.
Yeah leetworld is wrong. Your first vesting would be May 15th if you joined on Nov 18th. They make slight adjustments to the vesting amounts based on your start date (there are 3 versions iirc). So you’d get a bit more on your first vesting if you started Nov 18th, but would wait 3 months more for it. In the grand scheme of things doesn’t change much, all things being equal choose Nov 11th but I’d rather have an extra week of vacation.