I am interviewing for the first time for an L7 role at Amazon that will include RSUs as a portion of my total comp. Let’s assume I land the role and stay through the full vesting period. What do I do with those stock units? Amazon doesn’t pay out dividends, so it feels like I need to do something more than let the investment sit if I want to see it produce real income. Does anybody have experience with this that can share advice? #personalfinance #investments #l7 #design #techcareer
Just sell them after vesting. The only other option is to keep them, if you think AMZN stock is going up a lot, and sell later.
You can sell them. I can't believe you are landing a L7 role without having any experience receiving equity as part of your compensation.
Most likely OP is from a random company in mid west. They don't pay equity. They just have salary.
^^Literally this. I've been fortunate enough to grow up in my career working for small, privately-owned organizations. I made the decision to trade equity and total comp for robust experience and work-life balance. But now I'm at the top of my earning potential for pure salary and am ready to look to larger companies like Amazon as a way to increase my earning potential.
Sell covered calls
I assume that's not allowed by the Amazon stock plan agreement.
That’s a pretty fat RSU grant… $340k worth being granted just to sell one option
I sell 50% and invest ithe proceeds in ETFs.
BTC
Technically those RSUs are taxed as income once they vest, so they naturally do become real income. What you do with them after is just a question about what you do with any other stock. It is nothing specific to Amazon.
Bruh just sell the RSUs and do what you want with the cash
Don't worry, your question reveals you won't get the job.
Ouch
I've seen VPs and Senior Directors fail L6 loops.
Lol if this is AWS Good luck
I honestly dont know. But remember you are getting the stock at very high price 3500 approx. So to minimize risk you may want to sell since it could possible fall down to 3000. People who have been around since last couple of years have been holding since they got stocks when they were in 500’s
Better question: What if AMZN declines instead of increases in value over the course of four years? What if the pandemic pulled forward five years worth of growth in the stock?
If that happens, you will fall at the lower end of the band and you may get a hike to your base. Edit: apparently this is not right. Sorry for the wrong info.
But the base is capped, right?