Heard from my leaders that Stock Together was approved. We'll be getting email soon (i don't know specific date) on details.
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@e5 There are a few oddball 7V titles that have really high pay bands. Example software developers where a 7V range is like 130k-200k. I’ve only seen it once but it would be hard to believe those guys only get $5-6k yeah.
October grant date, me thinks there will be another big RIF before then so they don’t have to pay anyone impacted
@e5 standard for 7 depending on role is 5 or 6k. 10k is for mostly band 7. Hearing some tech roles in band 6 gets 15k including AD. Not sure on Dir title tho in band 6.
@ak just remember….its paid out in 1/3! If your still actively employed that is!
Well well, just got the email. Oct grant date. Guess all the liars on here who know everything about it going away forever can come forward and apologize. Lol.
@e5 👏
@ba It is true, news is supposed to be emailed out today (April 3). Award date is in October. Do not know vesting schedule.
I am 7 and got 10k for last two years after adhoc compensation adjustments. I am a little surprised people saying 5 or 6k.
yoe in vz 12 years - peanuts
How many RSU value are normally awarded to Band 6 Distinguished engineer ? Is it $15K a year ?
@b7 7T (Hourly Engineer or Sr Engr-Spec) is $5k stock together and 10% STI. 7V (Salary Supervisor or Sr Engr-Cslt) is $6k stock together and 12% STI.
I am an AD and I have not heard this yet. I would not be surprised it is coming, but I am skeptical of both anything I read on this page, and anything the company rumor mill generates.
@b6 I'm not a network engineer, but this was really.helpful, as I had no clue how they were awarded, the amounts, or any of this. Thanks for sharing your knowledge
@ak Takes 3 to pay out, and I doubt they'll be as generous with future severance packages. Paying out all of the outstanding Stock Together totaled more than most people's bonuses.
@am Usually based on band. Band 7 historically was awarded $6000 in RSU. It's not actual stocks, just phony money using the current stock value to turn the $6000 into "items." When they pay out, it's 1/3rd of the "items" converted to a dollar value based on the value of the stock at the time of vesting that 1/3rd.
Ideally you'd see ~$2000 minus taxes, but it can go up and down from there. It's almost always gone down, except for a few years ago they gave out RSU's when the stock was $32 each, so that one paid out well.
@am Network Engineer III is more likely a 7T pay band. In which case, you’d receive exactly $5000 in stock (the NUMBER of RSU depends how many times the current stock price goes into 5000). So if it was $50 a share, you’d get 100 shares divided across the next 3 years (including any fractional shares) to add up to exactly $5000. Then, before 3/1 of the year you get the payout, it can increase or decrease, depending on what the stock price does since that time.
@ac Billy you're a riot thanks 🤣
@am most band 6 gets $10k a year, vested over 3 yrs.
@OP Newbie here. How many RSU units are normally awarded to a Network Engineer III employee?
@ac I guess I'll stick around for another year. 😂