Stripe and Lyft changed their comp so employees can vest their employee stock rewards in one year

Amazon
???Noway

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???Noway
Apr 26, 2021 37 Comments

The Information reported the story.

Stripe and Lyft changed their comp so employees can vest their employee stock rewards in one year

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TOP 37 Comments
  • Amazon
    CSEHSW

    Go to company page Amazon

    CSEHSW
    Why would someone in right mind join them? By joining them you take more risk than FAANG. But you don’t get compensated for the risk you are taking as upside is limited to 1 year instead of 4.
    Apr 26, 2021 19
    • Square
      deez nuts

      Go to company page Square

      deez nuts
      Stripe and Square target very different markets with a tiny overlap between them. Both process payments, but that's pretty much it. Squares focuses on the end user while stripe focuses on developers. At the end of the day, payment processing is just a commodity. It's the ecosystem that drives the topline. I think Paypal is a much bigger competitor to Stripe and Square than we are to each other
      Apr 27, 2021
    • Square
      deez nuts

      Go to company page Square

      deez nuts
      Anyways, imo Stripes new policy will make them less competitive. The only reason to join stripe would be to get those pre IPO shares. But after IPO I don't see why anyone would. I'd rather get 3years of upside anywhere else, and just buy Stripe on the markets if I wanted to be a shareholder.
      Apr 27, 2021
  • Lyft
    bbcdhj

    Go to company page Lyft

    bbcdhj
    From the last line of the article, Lyft executives will remain on a 4yr vest schedule
    Apr 26, 2021 1
  • I assume this just means lower initial RSU with potentially higher refreshers?
    (Eg, $100k year one, $110k year 2, etc, instead of $400k over 4 years with a $40k refresher year one, etc)
    Apr 26, 2021 3
    • What is with you Facebookers man. Chill the fuck out. No need to roast. I know, and that’s exactly what I brought this up. I’m assuming they give higher refreshers to account for the lack of upside here...
      May 6, 2021
    • Facebook / Eng
      hhhxshcyjv

      Go to company page Facebook Eng

      hhhxshcyjv
      Your assumption is just wrong. If your company doubled up in the last year you think you’re going to get a double refresher? Let me help you - no you won’t
      May 6, 2021
  • Workday
    sGOd82

    Go to company page Workday

    sGOd82
    Wow they care so much about their employees
    Apr 26, 2021 1
  • Google
    TCOGtheFO

    Go to company page Google

    TCOGtheFO
    This is not good. Whole point of getting locked on 4 year vest cycle is you have a chance at a large multiple growth on 4 years (and more if you hold). This provides more close term liquidity but the yearly grant will be smaller and adjusted to that years price. It does protect you from downside, but that’s not why we work on tech. I am all in ;-)
    Nov 14, 2021 2