Most everyone should be getting their letters today. Mind sharing some details as below:
Level: Principle
4 yrs RSU: 2500
Bonus Target: 25%
54 replies (most recent on top)
Who knows if we are employed in 2023, or whenever, but ceo did say that in 2023 you get new grants, so these stocks vesting should get back up higher with new grants. Too much out there to think. Based on ground realities, I think these grant are making people think at least one more time before hitting the exits. But the macho crowd here ;) is fixated on minimizing this
total 2000 25% $254.83
Vest Year Grant Shares Price
2019 500 0 0
2020 500 125 $31,853.75
2021 500 250 $63,707.50
2022 500 375 $95,561.25
2023 0 500 $127,415.00
2024 0 375 $95,561.25
2025 0 250 $63,707.50
2026 0 125 $31,853.75
total 2000 0 $509,660.00
2000 share looks like - Gold handcuffs if they keep you
2000 25% $254.83
Vest Year Grant Shares Price
2019 500 0 0
2020 500 125 $31,853.75
2021 500 250 $63,707.50
2022 500 375 $95,561.25
2023 500 $127,415.00
2024 375 $95,561.25
2025 250 $63,707.50
2026 125 $31,853.75
2000 $509,660.00
I hope you will be able to get them in 2020... Sa Tan is a wizard in this kind of things
280 total
SSE did you get 550 for all 4 grants? I think you are level 3.
If thats the case... It's in line with recommendation. As you go from level 3 to 4, and then to level 5, you almost (80-90%) double, thus get to ~2000+ for level 5 as OP mentioned.
More guys should share info
Bonus is the same across each rank n level. RSU varies
Are these RSU count different for each level? Within a level, are they same or varies within a level too?
OP is a little bit high. The SSE is a little bit low. It seems
Yea 25% of salary as target bonus. Broadcom's salary is average. It is the bonus n RSU that is not average
25% target bonus per year. The RSU is spread out over 4 years. Broadcom paid for top guys and only want those guys. OP grant is inline with what the rest of broadcom are getting.
what is the logic behind these RSU numbers? Is it say 25 percent of basic salary?
How comes Broadcom is giving such huge stock options. Any ulterior motive
Level Senior software engineer
Stock units 550