SalesForce RSU - is it granted differently?
The recruiter mentioned something about the RSU grant price being the average of the last 2 months before the date of vest.. is that 2 months before the grant date (around month after joining)? Or 2 months before the vest date EVERY year?
It's the grant date. It has to be. They couldn't do it when vesting or it wouldn't be a stock grant it would effectively be a cash grant
What is the vesting schedule?
12 months then quarterly thereafter.
2 months before grant date or 2 months before the board approves your grant make the most sense
In my experience this is a pretty normal approach to RSU grants.
The initial grant will come, worry about not getting a refresh...possibly ever...
Things I wish I had known...
Stock refreshes started from this quarter, without promotion.
I was told that the guidance for RSU refreshes has changed: if the employee doesn’t have any and they are performing they should get some, if they are exceeding they should get more, if they are underperforming they shouldn’t get any and their managers should be figuring out why and fixing it or moving them out. I don’t know if this is across all of SF, just T&P, or a single SVP’s group. So don’t assume that if you don’t have any, and didn’t get any you’re considered to be underperforming. You may just be in a part of the org that provided different guidance to it’s directors.
It is the grant date. Take the price that day and divide by dollars granted, which creates your share allotment.
Salesforce is tricky for RSUs The grant happens after around a month or two you join a company, whenever they have this granting meeting. That's why there is an avg before for that
Perhaps a simpler way to look at it: Our grant and vest dates happen at set quarterly periods. If you join the day before one of these grant dates, then you don't have a gap, otherwise you might have a gap of up to three months.