Postpone Meta Start Date?
My scheduled start date at Meta is May 6. Given the huge stock drop today, I'm thinking i should request the recruiter to move it forward by 2 weeks, as the number of RSUs granted is calculated by taking the average of the closing price of the last 30 days, on the start date. I've signed the Offer Letter already. Should I do this? I'm afraid that in the worst case if the market goes bad, the offer could be rescinded, and I really really don't want to lose the Offer. Please advise... Some Math: I have 100k vest per year for 4 years. Let's assume the stock stays relatively close to the current price until May 6 as well as May 20. In this scenario, starting on May 6 will give me about 208 RSUs per year while starting on May 20 will give me about 238 RSUs per year, which is a difference of about 12.5k per year at $420 per share. So over 4 years, that's 50k.. But if the stock goes up over time, that difference also increases..
May 15 is RSU vest date, so you at most want to postpone by 1 week to not miss out on 1 quarter of vesting, which could be significant
Meta pro-rates the vesting amount for the first vesting based on the month you join (May 15, Jun 15, etc). You won't miss by more than 1 month worth of vesting.
It's not last 30 days, it's last month. Join in June.
You will have to delay by pretty much a month. You can decide whether that's worth it (most likely will be worth it)
Thanks, I don't know why I thought it was the last 30 days. But checking a few other blind posts matches what you're saying. This actually helps me make my decision, since I don't want to push my start till June, so I'm just gonna stick with my current start date.
Don't try to game you should delay two weeks then. U likely to recover before then.
Dude it's last months average closing price. Need to start in june
Thanks, I don't know why I thought it was the last 30 days. But checking a few other blind posts matches what you're saying. This actually helps me make my decision, since I don't want to push my start till June, so I'm just gonna stick with my current start date.
If you have already find the team then do not delay. There may be some dependency on you for q2 planning. Your hm may be counting on you.
the bar
What do you mean?
Go to the bar and have a beer.
Does this really matter? 50k over 4 years? ~10k a year, I guess if youโre planning on staying more than 4 years sure, if not I donโt see why not just keep the start date.
Push the start date
Think systematically. 1) stock continues dropping which may push Meta to either rescind your offer or sack you amongst the first batch of layoffs after you join if you delay your start date. 2) stock recovers in which case no one gives a shit, your strike price would be marginally different. 3) stock stays exactly where it is right now, congratulations! you went through all that effort for a 12.5k gain on a 300k salary but likely pissed off your recruiter, manager and potentially hurt yourself a lot more in the long run.
Itโs about on higher stock number grant. If they get more than 500k worth of RSU, then price matters a lot
Last 30d, how much youโll lose? Did you do the match? There is still like 10d to go for your onboarding date.
It's tricky to answer that without making some assumptions.. I have 100k vest per year for 4 years. Let's assume the stock stays relatively close to the current price until May 6 as well as May 20. In this scenario, starting on May 6 will give me about 208 RSUs per year while starting on May 20 will give me about 238 RSUs per year, which is a difference of about 12.5k per year at $420 per share. So over 4 years, that's 50k.. But if the stock goes up, that difference also increases..