Apple RSU
Why Apple RSU grants are so low compared to FB, Google, Amazon ? Do they care about competing for the talent at all ? or it’s all about hoarding cash overseas.
Frankly, an argument could be made that they’re low *because* Apple has so much cash. They may feel that they offer good enough salaries and bonuses (paid in cash) that they don’t need to compensate with more equity. Whereas, if you want to spend less money on salaries, using treasury stock can be a good way to do it
I hear some cases they give higher offer. It all depends on your manager and luck I think
Apple refreshers are better from what I’ve read. Much better. Base is comparable with FB and G. Initial stock grant and cash bonus isn’t as high, but you make up for it with refreshers. After 5 years, the Apple, FB, and Google engineer are probably earning similar TC. The Amazon guy probably quit 3 years earlier. 😆
Is the refresher based on the initial RSU grant? If so, what sort of percentage would you get at Apple if you were a decent performer?
Doubt it. That makes little sense since people can negotiate initial RSU with competing offers. Probably based off of a percentage of your base and your level.
Apple just has a greater range of talent. The best employees earn just as much as Google. But in order to allow them access to more employees, some of whom are not as good, they also have lower pay bands. Google is starting to do some of this now too as they grow past 80k employees and are forced to lower their standards.
My understanding is other companies do their large stock grants at the offer stage and don’t do as much yearly. Apple’s refresh pipeline can easily be on the order of the initial grant each year for high performers. We have a reasonable but not amazing initial grant with the offer and then give stock yearly (or sometimes more often in exception cases) based on actual performance, not some weird dance during the offer where no one really knows how well someone is going to perform.
Curious what range of refreshers are we talking about?
Depends on the org and I don’t have great visibility, but: 60-220k or so yearly for ICs, depending on level and performance with outliers on each end. These start stacking up your first year and by year four you should have a full pipeline that makes your initial grant look pretty modest.
I have no idea. I quit Apple because of that. Got a fairly low initial RSU grant but was told if you perform well, you will get good RSU refresh every year. First year got one exceed expectation and 2 meet expectations in the review cycle and got 0 RSU refresh because it was my “first year”. Second year got 2 exceed expectations and 1 meet expectation and got only 60% of my initial grant. Third year got exceed expectations in ALL three categories and got 0 (yes, 0) RSU because they didn’t have enough RSUs to give to everyone!!! At Google now. Let’s see what happens here but Apple really SUCKED in both initial and refreshers in my case (and I was a top performer when I quit).
Apple year 5 and google year 5 are pretty close. Google easily crushes Apple in years 1-4
Only junk coming to Apple now. Time to sell stocks
A large initial grant gives you the opportunity to get a promo in 4 years and possibly maintain similar TC in year 5. Another point being ICT5 is a terminal level at Apple. There is no road to 600k+
Some function terminal at ICT4, then either M1 or stuck at 4 4ever. :p
Examples?
Paysa or check any comp thread about Apple on blind
I’m not going to do research for you, so best of luck