My understanding is if someone is hired, for example today, it’ll take around 2 months and that date and stock price will be the base price for the year. If the stock 2x’s, you 2x the value. Is this accurate? And is there partial vesting after the first year, or is it always once per year? For yearly bonus, does that hit all employees on the same date, and is there a cutoff, or similar to RSUs it’s on the start date? #Coinbase
You vest quarterly, not yearly. It won't take 2 months unless you are joining the first week. Even then it's roughly 6 weeks
Oh interesting, so even in the first year there’s no cliff, you start vesting quarterly?
Yes. You vest all by the end of year 1. And then get refreshed for the next year, at which point it could include the performance multiplier