Honestly not sure if this is the correct subreddit for this but here goes. I start my new job on the 27th and would like to know if this stock option plan that they provide is worth it. I do not understand it so if someone could break this down for me/give their opinion it would be appreciated.
"we have a stock option package for you too. This includes 500 (name removed) shares, the indicative value of which is currently $29.80. As you may know, stock options are different to actual stock and to realize the value of them you have to ‘exercise’ them generally in case of a liquidity event (sale, IPO). That involves deducting from their market value the ‘strike price’ at which they were granted to you. The strike price changes from time to time depending on what the tax authorities say so the exact price will be approved by the board at the date of the grant of your options. To give you an indication, the strike price for the US is currently $8.76. The ‘vesting period' is 4 years with a 1 year cliff, which means you get to ‘draw down’ more and more of the benefit of your stock option as your employment continues.
Submitted November 21, 2017 at 10:32AM by lolCeezus http://ift.tt/2B9bSaB
