[prlambert]

The headline number is annual total compensation. So yes, ~$200K of shares will vest every year. The normal deal is 4-year grant with even vesting (sometimes after a 1 year cliff), so in this case it would be an $800K equity grant over 4 years. Some places like Amazon and Netflix do it differently, but that's the standard.

They usually use the stock price on the day of the offer or the day you start or something similar. So in this example, if the stock price was $100 on the offer date, you would be granted 8000 RSUs on signing, vesting over 4 years. What they are actually worth on the day they vest depends on the stock market, which means each vesting usually results in a slightly different amount in actuality (even though the # of shares per vesting is constant).