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For Stripe, they take that grant and then give you a quarter of the target value at its current price each year. If the stock price is $100, you get 1250 shares the first year. If the stock goes up to $150 after that first year, you get 833 shares for your second year. If it goes up to $200 the next year, you get 625. On the lsat year, if the price goes up to $250, 500 shares
Looking at the math, if you sell every year and assuming same stock prices, the math works out like this:
- FB & Google: 1,250 x 150 + 1,250 x 200 + 1,250 x 250 + 1,250 x 300 = 1,125,000
- Stripe: 1,250 x 150 + 833 x 200 + 625 x 250 + 500 x 300 = 1,125,000 = 660,350
This is a drastic example since stock growth is the biggest variable (ie. reasonable estimates could be Stripe to 2-3x where FB/G 40-60% - these are complete guesses). TL;DR: you lose a lot of upside growth with Stripe
The counterpoint to all of this is that if the stock price bombs, you'll still hit your TC targets - whereas at FB/G you'll take a big hit