If I'm not wrong, FB RSU's vest every 3 months. Does vesting start after 3 months you start working? Or it has certain dates that applies to everybody? For example, if your first day of work is July 15, when will the first bunch of stocks be granted and vested? October 15th?
Fixed. 15th May and every 3 months.
So, if I start on July 15th, I will skip August 15th vest and catch the November 15th. Correct? Also I heard that if you start too early, in the first vesting date you get 1/12th of RSU instead of 1/16th. This is one time only, and it requires to wait 4+ months before vesting. If I'm not wrong.
Your exact start date determines your first vest. I'm starting today, I will skip the Aug 15 vest, and get 1/12 stock on the Nov 15 vest
Great! Congratulations 🎉 Do you know what the last start date is to get 1/12 instead of 1/16. I am planning on July 15th.
New hires skip the first vest date. You will wait at least 3 mo before first vest.
Thanks for you answer.
So first Vest can be as big as 5 months worth of stocks? (If you join just after one of the vest days e.g. nov 16th)