Feeling good about the stock price? Look at tech stock returns over any period and cry. Your RSUs are pathetic compared to the wealth engine that RSUs are at tech companies.
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You aren’t in tech.
why did exxon, a company you’re clearly so proud, hire all of these unemployable who can’t work elsewhere?
does exxon have such a terrible stock program so they can do welfare hires?
I agree with you angry man! The solution to getting fair stock comp is to work literally anywhere but exxon. It’s good to be aligned.
If you do not like the XOM stock/RSU/vesting then quit and go to work for a tech company or Shell/BP/Total or any other company in S&P. Most of you are unemployable.
The biggest difference is how much tech stocks increase over time. Exxon stock is more like the interest you get from your checking account in comparison! Does it even keep up with inflation!
Amazon's RSU vesting schedule is four years, commonly using a 5%-15%-40%-40% structure, meaning only 20% vests in the first two years, with 80% vesting in years 3 and 4. Vesting typically occurs quarterly on the 21st of February, May, August, and November. This structure heavily rewards long-term retention.
Haha - long term back loaded is relative. Tech would die laughing if they saw our RSU program.
Google (Alphabet) RSUs, often called Google Stock Units (GSUs), generally vest over a 4-year period. The current standard is a front-loaded schedule (often 38/32/20/10 or 33/33/22/12) designed to vest more shares early, typically in monthly or quarterly installments to provide immediate value.
Tesla's Restricted Stock Unit (RSU) vesting schedule is typically a 4-year structure with a 1-year cliff, followed by quarterly or monthly vesting.
Meta Restricted Stock Units (RSUs) typically vest quarterly on the 15th of February, May, August, and November. The standard schedule spans four years, with 25% vesting annually (6.25% per quarter). The first vest occurs on the first scheduled date following an employee's hire date, with subsequent vests following a quarterly pattern.
i enjoyed the copium explanation of the 7 years
exxon employees are being shafted on stock by a lot….
So 7 years?
It’s half in three years and the other half in seven.
wait a minute it’s 7 years to vest stock at exxon?
that’s a crazy grift. standard practice in energy and anywhere else is 4 with some rare chances at 3. i have never heard of any company going above 4. that’s wild
Once you start looking externally you will begin to wish you had left sooner. It is shocking what high performers can make elsewhere.
7 year vesting isn’t industry standard anywhere. And you lose any unvested shares if you are separated through the PIP process, correct?
And at a tech company you get it in much shorter time period. Spread over the next 4 years. And everyone gets this.
The vast majority of us dont even get any RSUs so who cares?
The stock is ruined because of you