For what value does the PayPal RSUs get converted to stocks?
Hey everyone, I'll be joining PayPal soon (contractor at Apple) and I wanted to know on what basis the RSU value gets converted into number or shares. Is it the average of last 30 days? If so, in the last 30 days, PayPal was still trading at 170-175. So the average will be high. TC: 140k
Fair decision
Check your offer letter. One month average is typical. Delay your start date if necessary.
Offer letter says stocks calculated as per PayPal policies. Not sure how they do it though.
Ask your recruiter then. This is definitely something to have in writing before working. It can be the difference of many thousands of dollars
It’s the 30 days average market closing price
Thanks. May i know 30 days from which day is calculated for this? Is it joining date?
It's calculated as an average of 30 trading day close price immediately prior to and including the grant date. The grant date is usually the 15th of the month after the month of joining (Feb 2022 joining, March 15th grant)
Perfect. Thanks for explaining in detail.
This is accurate.
For RSU, last 30 is what I believe.
Might also be last 30 trading days
Curious why move from Apple to Paypal?
Exactly why ?
don’t be an idiot and leave apple for pp…..