Hi all, I got an offer from salesforce and I’ve got options of joining date as 05/31 and 06/06. I came to know from the Recruiter the Rsu allocated price will be the average of the previous two months of allocated month. My question is if I join on 05/31 will the RSU be allocated the same day and the average of March and April be taken? I’m just particular because the stock is very low since April and don’t want March to be added in the average. Current tc: 180 New tc: 300k Yoe:6
What level at SalesForce? SMTS?
Yeah
Great offer for SMTS Congrats
How was your interview? Lc? Thanks
Just the standard LC, 5 rounds, no specific area
Nice. Congrats ☺️
Location?
Bellevue
Nice.
60 days avg
Got it but my question is from when 60days average? When is the allocation date?
They will appear somewhere around 30 day mark..but its 60 day avg based on your joining not allocation
What I understood is an employee will be awarded rsus on 22nd of the month after the joining month and the moving average of two months prior to the awarded month will be taken into account. For example in your case, if you choose to join on 05/31, you will be awarded rsus on june 22nd since your joining month is may. Therefore, moving average of the stock in may and april will be considered since they are the two months prior to your awarded month. Hope this helps!
Join on 5/31. If you join on 6/6, your RSU time will start from 7/21. If you join on 5/31, it will start from 6/21. It starts from 21st of the “next” month.
Which months will be used for computing the stock price? It would be May and April in both cases, right?
It’s average of 2 preceding months in which RSUs are granted. So as per my understanding, it will be April and May if you join 5/31 and May and June if you join 6/6.
Both dates should be fine. Are you not planning to wait for Microsoft rewards?
I messed up my day to day work and didn’t do much due to LC and interviews
I’ve to stay till June 30th to get rewards & I’m having 6k per month pay difference from salesforce and Msft so I’m like even if I miss this 10k it’s fine.. I’m not sure how much my manager is going to give considering my performance has been bad due to the above factors..I’m just trying to escape the connect altogether
You would be missing year end performance of MSFT be leaving before June 30th, right?
When I received my offer, the recruiter could not explain the RSUs to me other than they vest equally over 4 years. When I asked about refresher grants, I was told it was secret. I found out after joining that refresher grants are not guaranteed even with strong performance and are allocated based on managers budget and discretion. I wish they had explained this upfront.
So RSUs are awarded yearly?
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Either dates you join you will get grant on 21 of next month and Avg closing trading price of March and April will be taken to decide your grant price
Why specifically 05/21? Is there any reasoning behind this date?
Thats the date Grant is approved by SF