For new hires - how they calculate the RSU price? Is it avg of current/last month? No offer yet. Interviewing soon.
Based on the commenter from Lyft- once you start there will be a review within the first three months. Whatever the price of the stock is on that day will determine the amount of stock you receive that is equal to the total cost of RSU grant.
So you approve an offer without knowing the actual price?
It’s always going to match the dollar amount in your offer, but the number of stock units will vary based on the closing price on the grant date. If the stock dips 50% between now and then you’ll just get twice as many shares.
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It’s the price as of the date the stock grant is approved. This isn’t always the date you accept the offer, but the date it is approved by the board or executive team.
So if I accept an offer that was approved by the board tomorrow but join in 2 months I get the price of tomorrow?
From what I understand- it is the date the grant is approved. Possibly between the day you accept and the start date. I know at our company, RSU grants need to approved by the board of directors, not sure the frequency they review grants, but it would be the date they sign off on it.