[Zaheer]

Thanks! The compensation figures we collect are 'Total Compensation' and so we expect users to include that as part of the reported figure. Many companies factor refreshers into the total compensation they allocate to employees.

This relates to the first point in some ways. The vested value is actually what we care about. Part of the reason why tech salaries have skyrocketed in recent years is due to this. For employer B to attract someone employee at A, they have to match the employees current vesting value (otherwise it wouldn't make sense for employee to switch). The stock market has rallied (with ups and downs) for several years not and has driven the compensation up as a result.

[dcosson]

Interesting. Yeah, obviously the vested value is what matters to people at the end of the day.

In that case, maybe some kind of conversion view would be useful? Like splitting up: here is what you would expect an offer you receive today to look like (base, target bonus, and 4-year equity grant), and here is what your comp might look like at years 2, 3, or 4 at the company based on reported TC that factors in equity refreshers and recent stock appreciation.

My thinking is just that one of the obvious times when this tool is super useful is when you get an offer and you want to see how it compares to other offers the company has given out recently at the same level. But the offer you get will just be an initial grant and won't include stock appreciation or refresher grants (if there are target refresher grants, those would be listed separately in your offer). It would be cool if levels.fyi had some kind of normalized view to be able to do that direct comparison.