Hello everyone. As the title states, I just got a crazy promotion through playing some hardball and leveraging a competitors offer. My company counter-offered, increased my salary by 80%, promoted me to a VP and is offering me private equity stock options.
The company I work for was acquired by a private equity firm about two years ago, so I understand the general gist of their goals - which is to take the company public or sell it at a profit sometime in the next 4 or 5 years.
I also understand the general idea of private stock options, but I'm completely clueless between what the difference in option classes are.
After reviewing the document it's offering 15,000 "Class A Units" at x dollar per unit (the exercise price)
The options have a 4 year vesting period (1/4 vest on each anniversary of the grant date) and immediately vest in the event of a company sale... it also goes on to talk about "exercise events" and that's where I getting lost at.
Can anyone explain to me what a "Class A" option is and the other classes that exist and exercise events and all that? What are some things that I should know and are there any aspects I should be cautious of?
Submitted August 08, 2017 at 09:18AM by HowToPPC http://ift.tt/2hGyBFn
