Equity component of TC as of today is 20-30% inflated. All comparables have dropped precipitously in past ~two months Adyen Paypal and others. Now would be a bad time to sign an offer. Do yourself the favor of at least waiting for next 409a, and then sign. TC 320k
Makes sense, but would the next one be in Jan? If nearing an offer, would be quite difficult to time. But if you haven’t applied yet, I guess holding out might work if the role isn’t filled yet.
Expect next 409a in a month
Is the equity grant based on start date or offer signing date? I’m at reference check stage and it might be difficult to stretch offer to 1 month later.
Same for adyen?
Adyen is public so their equity value fluctuates real time. Stripe is private so we only calibrate equity value once a quarter. The current value is three+ months old is why it's a risk.
Would you avoid Adyen as well? I feel like if it fluctuates in real time, it shouldn’t be an issue. Also, any layoff risks?
Does stripe not issue RSUs for a fixed $ amount that vests 4 times a year? Let's assume an employee is due for their first vesting, the inflated value should only impact the current quarter's vesting. For the next vesting, updated value would be used right?
No. Are you serious? Equity is awarded annually on hire anniversary, and expected equity dollars are backwards computed to RSUs by dividing out 409a value. Stripes are stuck with that equity count even if 409a changes until following year.
No, you're right. I got it wrong When is the next update for 409a? I heard the value has remained unchanged throughout this year
Interesting. Thanks for the heads up
Can you get me an interview, I'll fill a slot. TC: 98k -> 0