Twitter - Refresher / Target Equity

Coupang / Eng
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Sep 2, 2019 13 Comments

Can someone from #Twitter explain what Target Equity is and how it affects total comp?

It almost reminds me of Amazon’s Target Compensation rate... so in Y2, Y3, and Y4 you dont have equity grants that stack and produce a snowball effect?

TC 400k

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 TOP 13 Comments
  • Twitter
    bpdi57394

    Go to company page Twitter

    bpdi57394
    Assuming you're a new hire in january.. Your initial grant/4 years is your equity target . Let's say it's $100k a year for example. Each title has a wide range for equity . Let's say after Feb perf reviews in yr 2 your manager moves you up in your equity band to $125k and if so, you'll get a grant that starts vesting immediately so that in yr 2 thru 4 years you get $125k a year. The $/share value of the equity grant is locked in upon refresher offer , so you benefit if the stock price goes up, and suffer with the rest of us when the stock price goes down. If your manager doesn't move you in the equity band or you aren't promoted , you won't get a refresher that vests immediately , you only get a refresher that vests starting after your 4 yr cliff (ie you'll get a grant for some percentage of 100k in yr 5...with the intent that in yr3 you'll get another refresher that tops you up to 100k for yr 5 and some of yr 6 unless you get moved up or promoted).. and rinse repeat.
    Sep 2, 2019 2
  • Twitter
    pNAK04

    Go to company page Twitter

    pNAK04
    Very good explanation! 👍
    Sep 2, 2019 5
  • Coupang / Eng
    tunnel💡

    Go to company page Coupang Eng

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    OP
    So an offer from Twitter isn’t as lucrative as other tech companies where refreshers can potentially stack on top of each other, where in Y2, Y3 you have 2-3 grants vesting?
    Sep 2, 2019 2
  • New / Eng
    Algo_i go

    New Eng

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    Computer Science student
     Algo_i go
    Nicely explained👏
    Sep 2, 2019 0