Stock refresh at Facebook, Uber, Google

May 24 13 Comments

Can someone throw some light on stock refresh at Facebook, Uber and Google for E4, SE II, L4 respectively.

Recruiter says that refreshers are performance based but none is giving the numbers.

Can someone give ballpark numbers for each company based on meets, exceeds, strongly exceeds expectations?

TC: 115K

comments

Want to comment? LOG IN or SIGN UP
TOP 13 Comments
  • Entergy / Finance Ukulele504
    Pardon the ignorance, I’m new to RSUs, refreshers and everything equity tied to employment compensation. When you list those numbers under various performance levels, are those appended to the end of your last available RSU value or spread over the remaining equity in an incremental manner? I assume the former.

    As an example, let’s assume I was offered 200k in RSUs over 4 years and received 2 years already with 2 remaining. If granted a refresher at EE, would I append that 84k as an additional year, making a total of five years by the original count?
    May 24 6
    • Amazon / Eng bCxp50
      In MOST companies (i.e. anybody who isn't Amazon), refreshers are spread evenly from the time they're granted, usually with a four year vest. So, using your $200k on-hire example, and assuming you get a $70k grant (ME, 1.0x) after year 1 and an $88k (EE, 1.25x) grant after year 2:

      Year 1: 50k (200k/4) = 50k
      Year 2: 50k (200k/4) + 17.5k (70k/4) = 67.5k
      Year 3: 50k (200k/4) + 17.5k (70k/4) + 22k (88k/4) = 89.5k
      And so forth.

      You can see how these stack up over time, especially if you're a strong performer who gets multipliers.

      The Amazon model is totally twisted and not worth getting into here...
      May 24
    • Entergy / Finance Ukulele504
      That makes sense. Thanks for the walkthrough.

      Are refreshers commonplace among FANG companies?
      May 25
    • Concur viper31
      @bCxp50 - assuming RSUs are quarterly vested (at least at FB), would the change be reflected starting Year 2 first quarterly vesting?
      May 25
    • Amazon / Eng bCxp50
      @Ukulele Yeah, somewhat. F and G have solid refreshers. Microsoft also has refreshers, but they're usually really poor (depends on level/role, but often as little as 5-15k over 4 years for an example SDE2). Netflix has an all-cash comp model, so they don't. Amazon also does refreshers, but only if your total comp for a given year would fall below your so-called target comp otherwise (so, very rare before year 5). Also, Amazon's refreshers tend to be scoped for a single year, rather than having a vesting period. I think most of the unicorns follow a model similar to F/B (large annual refreshers); Snap was claiming huge refreshers when I got an offer there, but my recruiter also told me they were likely to be cancelled/delayed/withheld at any time, so I "shouldn't expect them."

      @viper31 I'm not quite sure what you're asking. You mean when do the refreshers first kick in? Yeah, year 2 or so--should normally be rewarded (and start vesting) just after your first real performance review. However, since FB does 6 month review cycles, I suppose you could start getting refreshers as soon as the first quarter after that review (e.g. 9 months in), but I'm not actually sure.
      May 25
    • Entergy / Finance Ukulele504
      Good to know. If I’m joining Google in June, the earliest I could realistically expect a refresher would be December 2020, or roughly 18 months?

      I assume they do a year-end performance review near then and would notify me of any refreshers after that is complete.
      May 25
  • Google / Eng
    Jpbt27

    Google Eng

    PRE
    Tableau
    Jpbt27more
    For Google(assuming SWE), CME/EE/SEE will be in the ballpark of 70k/84k/98k. You won't get a refresher at the end of your first calendar year, so there's some incentive to join later in the year.
    May 24 5
    • Oracle Slowmotion
      What should we expect for L5 PM and TPM?
      May 24
    • Oracle Slowmotion
      Also what is CME EE and SEE?
      May 24
    • Google / Eng
      Jpbt27

      Google Eng

      PRE
      Tableau
      Jpbt27more
      Not sure for PM. CME is meets("consistently meets expectations"), EE is exceeds, SEE is strongly exceeds.
      May 24
    • Oracle Slowmotion
      Thanks
      May 24
    • Concur viper31
      @jNUE34 - "x" in 1x, 1.25x is multiplier of a number defined for each level or the base. I think 2x or 3x of base is a lot.
      May 25

Salary
Comparison

    Real time salary information from verified employees