Signed offer at Wayfair...they want me to sign a new offer letter with potentially different vesting schedule?

Intel
zrUs35

Go to company page Intel

zrUs35
Apr 19 21 Comments

I joined Wayfair not that long ago. I really like my team so far.

I signed an offer when I joined which seems to imply the vesting schedule is quarterly.

The recruiter just reached out to me to say they made a mistake on my offer. She says it should say yearly.

They sent me a new offer letter to sign. The new offer letter is the exact same, but the vesting schedule is yearly instead of quarterly.

What should I do?

Edit to add: the recruiter sent me a message this morning saying Wayfair would honor the original letter if that was what I chose to stick to!

Wayfair
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 TOP 21 Comments
  • CNOOC
    nvbS64

    CNOOC

    nvbS64
    Wow. Imagine if you said you made a mistake and thought your offer said 20k more sign on.

    Tell them you love the role so far and understand they made a mistake but that a quarterly vesting schedule was a big factor when evaluating and accepting the offer. Can they increase your base or RSUs to make up the gap?
    Apr 19 1
  • LinkedIn
    equarthr

    Go to company page LinkedIn

    BIO
    Nothing to see over here
     equarthr
    Yearly vesting schedule?

    You sure it's not a cliff for year 1 followed by quarterly vesting afterwards?
    Apr 19 7
    • Intel
      zrUs35

      Go to company page Intel

      zrUs35
      OP
      The original document makes it sound as though stock vests quarterly immediately, no?
      Apr 19
    • LinkedIn
      equarthr

      Go to company page LinkedIn

      BIO
      Nothing to see over here
       equarthr
      The fact they removed that language from the new document is the problem. Ask them to clarify since the new version is ambiguous about vests after year 1.
      Apr 19
  • Wayfair
    zNuG44

    Go to company page Wayfair

    zNuG44
    Wayfair will provide quarterly vesting starting day one if you negotiate for it

    It sounds like you received quarterly vesting starting day one

    I wouldn’t sign the new offer letter
    Apr 20 0
  • Intel
    zrUs35

    Go to company page Intel

    zrUs35
    OP
    Update: Wayfair just let me know they will honor the original agreement. I didn't have to twist anybody's arm, they just reached out and said if I want to stick to what I signed, they can do that. Yay!
    Apr 25 1
  • Wayfair
    area-rug

    Go to company page Wayfair

    area-rug
    Don't sign that new letter. The recruiter fucked up and gave you the letter that people get when they ask for vesting to begin immediately. You don't have to explain yourself. Make sure your vesting schedule in Fidelity reflects the letter you already signed. If your manager gets involved, they should agree that this is bullshit, and if they don't, quit!
    Apr 19 2