Been at Amazon for 2.5 years and looking for a Q4 SDE 2->3 promotion. Since I’m in my third year, I have some appreciated stocks (40% of my initial stocks) still pending to vest. I don’t have any stock grants yet after my 4th year. Current base -> 135k and stocks worth 75k vesting this year and another 75k vesting in 4th year. What’s the base increase and stock grant for an SDE 2 to 3 jump? Also, how many stocks are granted as a part of the promo? Does that vest over 4 years and what’s the vesting schedule?
YOE?
Your target will go to about $242k. Base to probably about $150. If stock vesting next year is worth $75 now, it will be valued at $86k for TCT purposes. So this is $236. So you need 2-3 shares of stock to get to new target. The following year will already be above target with stock growth, so don’t need stock there. New stock in April will be granted for 90k after growth, so 68k worth at grant time. Divide that by SPP, we can just say $2k, so year five grant will be about 34 shares.
Your tc is 210k for this and next year so expect to get 30-40 stocks in your promo. I am assuming you understand how amazon compensation works. So promo is no different, it just changes to comp range. Comp range for SDE3 is 220-350k (this might be outdated). Now your RSUs granted in promo will vest in 2 years and vesting schedule will be decided by comp team As your next year comp is already in SDE3, no matter how much stocks you get in promo, I am quite sure, only ~5 stocks would vest next year and rest would vest year after.
Wow. I got an ICT3 offer from Apple (Bay Area) with a base of $165k, RSUs worth $300k and joining bonus of $75k. Wondering if it makes sense financially to take that up. Amazon seems grossly cheap.
You have been at amazon at 2.5 years. Didn’t first perf review gave you that signal? I don’t recommend amazon to anyone because of bad culture and shitty comp.