I imagine this is the same across most of FAANG. If you are an ICT2 (and receive an initial grant) and then get promoted to ICT3, do you receive another grant on top of that? Would this grant be bigger than the initial grant or is that you only receive a higher refresher when promoted? The numbers will be arbitrary and ignore all base salaries bonuses and refreshers. Y1 - ICT2: Initial grant 100k RSUs - RSUs vested in year: 25k Y2 - Promoted ICT3: 200k RSUs (???) - RSUs vested in year: 25k (y1) + 50k (y2) ??????? TC: ~160k, ICT2, ~1yoe
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Spoiler alert: you aren’t getting promoted from ICT2 -> ICT3 in less than a year.
It's just an example. Are there new initial grants upon promotion?