Lyft Director RSU paid out in 1 year instead of 4

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Dec 2, 2020 17 Comments

Interviewing for Lyft non-tech Director position, I was told that they are moving away from spreading the RSU grant from the typical 4-year model to a 1-yr model. Has anyone heard a similar narrative from a recent interaction with Lyft HR? What would be the incentive for people to stay if they paid out all RSUs in the first year? Maybe I am missing something #lyft

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TOP 17 Comments
  • Lyft
    ameigu

    Go to company page Lyft

    ameigu
    All new offers from Lyft are for annual grants.
    Dec 2, 2020 4
  • Lyft
    upxm26

    Go to company page Lyft

    upxm26
    You don't have to worry about 1yr vs 4yr grant. Instead of saying 400k for 4yrs... They are giving 100k and after appraisal, you will get 100k for next year (minimum of new hire grant as per policy)...this goes on.

    So you don't need to worry about not getting rsu in second year but you may loose upside
    Dec 9, 2020 0
  • Amazon
    tapwater

    Go to company page Amazon

    tapwater
    What’s the new Tc? Based on your above comment it looks like it is 300k? Isn’t that less even for a non tech director?
    Dec 2, 2020 5
    • New
      fiddlestick

      New

      fiddlestick
      I assume you plan to get that squared off if you have any inkling of taking this offer?
      Dec 2, 2020
    • New
      proqurment

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      OP
      Still interviewing, don’t have an offer yet but I wanted to seek clarity before I reach that point. Yes, will definitely get the refreshers part clarified
      Dec 3, 2020
  • New
    proqurment

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    OP
    Recruiter ghosting me
    Dec 9, 2020 1
  • Lyft
    blindedbar

    Go to company page Lyft

    blindedbar
    Sounds like a low-ball offer for that level
    Dec 13, 2020 0