Hi! I am currently interviewing with Stripe for non tech role. During my conversation with the recruiter, annual equity offered (ARGs) seems to be low. I read about the Performance Equity Grants( PEGs) and wanted to know from current Stripes how PEG award works? Thanks in advance.
PEGs are not guaranteed. They are for top performers and it depends on your level and team.
Thanks for your reply. How is the criteria defined for PEGs? Are there any statistics on how many employees get it? Are only EE and above ratings get it?
It really is up to your manager. Some people with SME ratings get them. Others with EEs get them. They are supposed to be for EEs or above but most managers use them to make sure everyone is comped fairly.
When you join, you'll have a PEG max set based on role and level. You earn anywhere from zero to that max based on your performance each year. If you perform well, it could significantly boost your stock comp, but don't rely on getting one because obviously most people don't get top performance ratings.
Can I PM you to learn more?
It's not different for tech and no tech. PEGs are meant to reward and retain top performers (assessed during annual reviews), although some managers may choose to give some PEGs to those that "meet expectations". It really should be considered as a performance based bonus that Stripe will give at its discretion.
Are you a recruiter?
I am not a recruiter. In the middle of interviews.