Have a question regarding rsu for new joinee
If twitter says we are granting you 90k stocks over 4 years, so does it mean the following?
1. We will buy the equivalent units for you when you join assume if I join today and stock price is 30, so they will buy 3000 units of stocks and I will get 750 units at end the end first year and following years the remaining amount.
2. Or if the current price is 30 at the end of first year the stock price is 20, so I will get 1125 units at price 20 which is equivalent to 22500 dollars?
Thanks for help
- Intel / Mktg nononsense1. Sort of. They don't actually buy the stock.
They quote you the rsu value in dollars, but when it is actually granted it will be converted to shares. So you will get 25% of the total shares granted after 1 year, about 25% after 2 years, etc. (...or whatever the vesting schedule is - some are monthly or quarterly, others aren't linear...).