Square Equity Refreshes

Google / Eng
proletaria

Google Eng

BIO
Workers of the world, unite!
proletariamore
Aug 15 14 Comments

What is the typical equity refresh for a SWE at Square? Is it roughly 1/4 of the new hire grant per year, like other companies?

I'm trying to evaluate offers in terms of comp over 4 years, and my other offers have clear guidelines/expectations for equity refreshes. So what should I use to approximate Square's equity refresh value (at L5)?

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TOP 14 Comments
  • Square / Eng ReferralMe
    Refreshers are laughable compared to other companies. L5 and got ~70K last cycle.
    Aug 15 4
    • Square / Eng jrigse
      Are you a top performer? How's that amount laughable? Google, Uber and airbnb, for instance, target no more than 100k for that level. Not sure about uber now though.
      Aug 16
    • Square / Eng ReferralMe
      Uber 5a is somewhere around 150k plus a target bonus cash. Not to mention 70k x 4 is actually less than our starting offers for L5
      Aug 16
    • Square / Eng jrigse
      I think our L5 should translate to their L4. Also for most companies refresh target is less than a quarter of the initial grant.
      Aug 16
    • Square / Eng ReferralMe
      Nah our 5 is primarily their 5a. Little bit of overlap on their 4 and 5b on both ends.
      Aug 16
  • Square / Legal
    Prothrkef

    Square Legal

    PRE
    Facebook, Google
    Prothrkefmore
    Annual refreshers are common. Both meets and exceeds would usually get them, though we have no concept of either. We donโ€™t have a formal ratings system.
    Aug 15 4
    • Google / Eng
      proletaria

      Google Eng

      BIO
      Workers of the world, unite!
      proletariamore
      OP
      Is there a general amount it falls under (based on level or new hire grant)?
      Aug 15
    • Square syTo10
      No, your manager is ๐Ÿ’ฏ responsible for allocation. Each team and org get their own budget.
      Aug 15
    • Google / Eng
      proletaria

      Google Eng

      BIO
      Workers of the world, unite!
      proletariamore
      OP
      Hmm, when evaluating an offer, I'm looking at the 4 year comp, and my other offers have clear guidelines/expectations for equity refreshes. So what should I use to approximate Square's equity refresh value (at L5)?
      Aug 15
    • Square syTo10
      Nothing really as far as I know. It will be performance based evaluated by your manager.
      Aug 15
  • Square / Eng Faux
    Refreshers are very team and individual performance driven - an example my first refresher as an ok performer was $105k at L5 - if youโ€™re working well youโ€™ll be compensated around 1/4 of the new hire grant on average in my opinion.

    Top performers significantly more.
    Aug 16 0
  • Square cotewq
    Your current yoe and level at Google?
    Aug 15 1
    • Google / Eng
      proletaria

      Google Eng

      BIO
      Workers of the world, unite!
      proletariamore
      OP
      3 YOE and L4
      Aug 15
  • Google ohHB64
    Low ๐Ÿ™‚
    Aug 15 0