Stripe on-site & RSU policy

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Yolonce

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Yolonce
Mar 19, 2021 15 Comments

Recruiter from stripe cleared first round and is moving me to virtual onsite. I read some post here and see that Strips RSU are more like cash with no upside since the units get granted on vesting and not on joining. Not sure if this is accurate. Can someone please confirm? I don’t want to put my time interviewing if that’s the policy.
TC 250 yoe 4

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TOP 15 Comments
  • Stripe
    yoydd

    Go to company page Stripe

    yoydd
    Basically think about it as a 1 year rsu package. Instead of locking in the # of units for 4 years + refreshers; you only lock in a year at a time-- but you know what the $amount will be (at least, it can go up per year based on perf) every year, and every year you'll lock in another year's worth of stock.

    So instead of seeing 4 years of upside (locking in the number of rsu's youll vest regardless of how the valuation grows), you only lock in 1 year, and at the end of the year you lock in the count of rsu's for the next year. Stock value goes up your first year = at the same $ Val you get less rsus the 2nd year. Stock value goes down your first year = you still get the same $ Val of stock, so you get more count of rsu's year 2.

    If you think the stock will only go up you will have upside a year at a time, but won't lock in your initial 4 years of stock like you do with the traditional 4 year stock package most places offer (and if the stock goes down you don't miss out as much; with perf you can get more with refreshes year 2+, but you're gauranteed the base AVG amount)
    Mar 19, 2021 4
    • Netflix
      Ubvo13

      Go to company page Netflix

      Ubvo13
      Is this correct? My understanding is that after the first year the vesting occurs every quarter. So you get 3 months of upside with each vest period.
      Mar 19, 2021
    • So does this mean you never vest stacked refreshers? That’s terrible compared to other tech companies...
      Mar 21, 2021
  • Amazon
    DMNDHND

    Go to company page Amazon

    DMNDHND
    Dots4 that's my though exactly they are removing a big incentive. Don't want to work with rich coworkers while I'm stalled.
    Mar 19, 2021 1
  • New
    hugh jarse

    New

    hugh jarse
    it’s true. don’t waste your time. make sure recruiter knows why
    Mar 19, 2021 0
  • Lyft
    fgxdgh

    Go to company page Lyft

    fgxdgh
    Lyft does this too and It’s a terrible. I’m leaving and will take a 4 year grant elsewhere.
    Mar 19, 2021 3
    • Lyft
      fgxdgh

      Go to company page Lyft

      fgxdgh
      Some had good refreshers. But only for a year and then you’ll be down again to normal. I was not happy with my refresher and I had a high rating. My external offer is 30% higher than my target so it was an easy decision.
      Mar 19, 2021
    • Lyft
      fgxdgh

      Go to company page Lyft

      fgxdgh
      Amazon - real money is better than paper money. But the upside is removed.
      Mar 19, 2021
  • Oracle
    kkkkkkpp

    Go to company page Oracle

    kkkkkkpp
    Can I dm you op?
    Apr 3, 2021 0