What value does RSU vest at?
Hypothetical scenario: Lets say my offer letter says I get $10k RSU, and my start date is Jan 1, 2019. Let's also say I get 100% vest on Jan 1, 2020. AMZN is valued at $1k on Jan 1, 2019. Jan 1, 2020 comes around and AMZN is valued at $2k per share. Will I receive 5 shares or 10 shares? Sorry if this is a dumb question TC:143k
Market price is irrelevant, your vest is a number of shares. If you got 100 rsu over 4 years, your first 5% vest is 5 rsu
All you get at vesting time is the permission to sell the number of shares promised and convert them to money. So you get 10k shares in 2020 which you can now sell at whatever price you can get whenever.
Offer letter says $10k RSU, not 10k RSU. Sorry for typo
You will lock in your price near your start date
Sorry, I wasn't clear in my post. My offer letter said $10k RSU. I will edit it
Do they mean X shares totaling $10k in value given current stock price? Typically it’s for count of units so you have incentive to add value to stock before RSUs vest.
Yes, that's what the offer letter implies
Ask the recruiter but generally speaking once the offer is signed your given the equivalent number of shares that equals 10k, after that its number of shares not total amount. So if the price goes up great! If work at Symantec like me you feel the pain of your RSUs losing value right before vesting...
You will get a stock award for the value of 10k at joining. The award will be 10k/stock price at the time of joining. That is just a number of RSUs which are now directly tied to the market. That award will be handled by Morgan Stanley, where you can see your portfolio. Portions of that award, will vest in time, meaning you can sell them for cash.
What role?
Sde1
You got lowballed. Big time. This is your 4 year grant?
Amazon gives # of RSU not $ amount.
Not according to my offer letter
They take the $ amount (10k) and will issue you x number of shares based on 30 day trailing stock price before your start date.
Will vest at the higher value, lower number of shares.