Credit Karma Refreshers

Hi, Can someone explain how do Refreshers work at Credit karma? Let's assume 300k initial grant vesting over 4 years.

Credit Karma ckSome Nov 23, 2021

You get an annual refresher of RSUs for 1/4 of the new hire grant with a 1-year cliff and 4-year vesting.

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lowfat Nov 21, 2023

Wanna help a random girl out? Credit Karma referral would be 👌right now.

InComm CPOf67 OP Nov 23, 2021

Thanks! Last question- how is the strike price of the RSU determined, time of joining, vesting, etc.?

Credit Karma ckSome Nov 23, 2021

The RSUs are INTU RSUs so the value is whatever the stock value is!

InComm CPOf67 OP Nov 25, 2021

Got it, thanks! How does salary increment work? I understand they have reviews multiple times a year, trying to understand how does the typical adjustment look like..

Credit Karma ckSome Nov 26, 2021

Salary is tied to your role/level: everyone at the same level makes the same salary. There are market reviews a couple of times a year with adjustments for everyone. You get a raise by getting a promotion, that’s it.

InComm CPOf67 OP Nov 26, 2021

Wow.... very unique. What does the typical market level adjustment look like as a percentage basis?