Re:Amazon walking back raises after internal bug miscalculat...
by KallDrexx on Tuesday September 27, 2022 @12:27PM
(#32997561)
I guess it just varies by company then.
For example, my company unlocked annual amounts on August 15th and I was told I was getting $56k worth of stock. The stock was granted into my account on August 31st.
My stock at grant time was exactly Units * Price on August 31st = $56k. If I was granted stock when the annual amounts were announced (August 15th) the same number of stock would have been worth ~$62k
I've never heard of RSU grants that might vary with market price where the person did not know 1) That any $ amount quoted was based on the current market price of the stock; 2) The actual # of RSUs being granted; 3) That when they vested their value would be dependent on the stock value at that time.
I know sometimes grants are made in the fashion of "10% of your base salary". But whenever the grant value might vary with market price I'd be very surprised if the actual # of RSU's was not information available to the employees. Even if the company dropped the ball in a compensation notice & didn't explicitly state the # of RSU's, that is still information that would almost definitely be included within the employee's compensation section in the company's HR portal.