How does refreshers work ? Newbie here

Cisco / Eng
justasw3

Go to company page Cisco Eng

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justasw3
Oct 27, 2021 5 Comments

I am new in my career. 3 yoe. I didn't receive any stocks from Cisco when I joined but recently (6months back) i received stocks which shows unvested and I can't sell immediately. Year over year 25% I guess. I will be leaving Cisco in a month and the stocks don't vest by then. I am assuming I will lose them all.

I will be joining workday. How does refreshers work ? Let's say I get 60K refresh at the end of 1st yr. Another $60K at the end of 2nd yr. (This is apart from my new hire RSU). So when will I be able to sell the 1st and 2nd refresh grant ? And let's say I will be leaving the company in 3yrs, what will happen then ?

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  • Workday
    ItCba74

    Go to company page Workday

    ItCba74
    Let’s say your new hire grant is 100k and every year you get a 60k refresh grant.
    After first year you will get 100/4 = 25k. Then 25/4 ~ 6k every quarter.
    After year two you will get 60/4 = 15k.
    Then 15/4 ~ 4k every quarter.
    This stacks with the new hire grant so you’ll get 10k every quarter. Repeat for year 3 and on. Anything unvested is forfeited when you leave.
    Oct 27, 2021 4