RSU stands for "restricted stock unit", and it's core reason why Big Tech compensation is so high. Many senior engineers at these companies will get paid more in these than cash.
If you joined Meta at the end of 2022, 1.5 years ago, your equity grant has seen a 4x increase 🤯 So a Staff Engineer with a $800K equity grant over 4 years is sitting on $3.2M. Obviously, very few people get this lucky, but Big Tech is pretty reliable in creating millionaires.
I'm very tempted to sell my remaining Meta stock holdings now... (I joined in 2017 with a stock price of $170/share).
My question is: since I work for a big tech company, does the company pay the tax for my vested shares, or do I?
Do you guys have any resources that could help with this? I am worry about the the tax liability aspect. As well should I talk to a CPA to be safe in my decision.
Hi, I was wondering how you deal with constantly changing stock prices from the company you work at. I saw a video from @Rahul where he talked about the mistake to check stock prices at the beginning of each day or something. Not sure anymore where he said it. @Rahul @Alex I was wondering how you dealt with your stocks constantly changing in value.
I've been experimenting with Big Tech stocks and find myself constantly looking at them. I wonder how people in Big Tech deal with that with the stocks they receive from the company. Do they sell when they think it's going bad and turn it into cash, or just keep them for the long run? How often do they check their stocks? How to they deal with the constantly fluctuating prices?
In many European countries, total compensation tends to be more focused on salary rather than including stock options or sign-on bonuses, as may be common elsewhere. Total compensation is the salary, and in most salary negotiation tips they focus on how to bump up your equity in the company. Does someone have any advice on how to go about to get the most out of the salary negotiation in Europe?