I need to know how walmart labs rsu offered as a part of offer works? In offer letter it is 60K vested over 4 years and another new hire rsu of 60K provided in first quarter of joining vested over 4 years. So it means if i join on Dec this year so in approx Mar 2021 I would have 25% of 120K? Really confused with terms in offer letter
Just went over this. Discussed my offer with multiple folks from Walmart and Jet. The equity goes like so: Year 1 : 1 * 15K + 15K = 30K Year 2 : 2 * 15K + 15K = 45K Year 3 : 3 * 15K + 15K = 60K Year 4 : 4 * 15K + 15K = 75K Year 5 - infinity : 4 * 15K = 60K The base and bonus are self explanatory. What’s your level and YOE?
What’s your level? Could you plz share other offer details?
You need to join before the end of October to get the spring grant though.
In for the folks joining in Oct Jan :25%grant April :25%grant +25% annual refresher grant based on appraisal? Is it correct
Provide the exact wording used in the letter.
Typically around April of each year, associates who were in an equity-eligible position on January 31 may be granted a Walmart Restricted Stock Unit (RSU) equity award. This position is eligible to receive an annual RSU award in an amount equivalent to $60,000. The actual amount of your award will be based on your performance. The grant will vest over a four-year period in 25% increments beginning in the first year following the year of the grant.The exact vesting dates for awarded shares will be specified in the award document provided to you in connection with each grant. This position also qualifies for a $60,000 New Hire RSU equity award. The New Hire equity award is generally granted in the quarter following your date of hire. The awarded shares underlying the New Hire RSU grant will vest over a four-year period in 25% increments beginning in the first year following the year of the grant. The exact vesting dates for awarded shares will be specified in the award document provided to you in connection with the grant.
Oh ok, so you get a 60k initial grant and a 60k yearly refresher. So you will vest 30k in year 1, 45k in year 2, 60k in year 3, and 75k in year 4 and 60k every year after. Of course this assumes your performance is good enough to merit the 60k yearly refresher. (Note that it says you may only get a part of it.)