Hi Spotify people - How does the equity grant price work there? Let’s say I opt for 100% RSUs And I join 9/1. My RSUs will get locked in at the price of $spot on the next grant date following my 9/1 start date? Is that correct? Is it an average price of anything or just the closing price of that day? Also wondering if all 4 years of my equity are granted at that initial grant price, or if each batch that vests is granted at the price of when it vests
I dint know you could choose a fully rsu based comp at Spotify. If you sign up for 100% rsu - are they vested monthly?
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Just the closing price on that day, if it falls on a weekend itll be the friday before
Ty. And is all of your equity locked in at the price at the very initial grant (I.e. the initial grant date after start date)? Or is it dependent on the Spotify stock price on the day of each vest (I.e. every month or 3 months or whatever it is)?
Locked in.