I was planning on starting at FB (new grad SWE) on June 24th. I'm realizing now that it may be beneficial to start in July, instead due to the RSU grant. I'm speculating that the stock price in May will be much higher than the stock price in June. From my understanding, my RSU amount is determined based on the average stock price of the month prior to my start date (correct me if i'm wrong). I have a feeling that FB stock won't do too well this month, and it may be beneficial for me to delay my start date to July 1st. Should I do this? Anything I should be wary of? The downsides I see are that I lose "1 month" of experience (June vs July) and 1-2 weeks of pay.
I thought stock price was always determined at closing price on wed after joining. Is this understanding incorrect?
I'm in similar situation. I checked with the recruiter and he confirmed that, previous month average. I am going to move my joining date to 1st July. The way month started for tech stocks, it's going to be rough. So June month avg stock price should be lesser than May month average.
Yes, if you can, move the start date. It depends on the previous month's stock price.
OP is correct.
I talked to a current employee. Itโs better to start earlier in June because Facebook does reviews by 6 month halves. So you will have more time to make a good impression by the time December rolls around. You need all the time you need for onboarding
The couple weeks you delay, are two weeks you could used to make more impact. This policy is especially bad for people who will join around August because they only have like 4 months to make an impact before December.
No matter what the bootcamp will still take 6-8 weeks, right?
your stock wonโt vest in the first month I donโt see a point I would join on 24th 6 days of salary is probably around 2 grand which i believe has more value like around 10 fb shares or more
I received some info that it was the price on the month before your start date. If I'm wrong, it does make sense to continue with the June start date.
I read over my offer letter again, and it says it is based on join date: "The dollar value of the grant will be divided by the average closing stock price for the month prior to the month of your actual Start Date, and rounded up to the nearest whole share."