[mav3rick]

It happens at both F & G in FAANG.

[eru]

I had a first year cliff at Google a few years ago. But they might have changed that.

Facebook definitely doesn't have a cliff in 2020.

[what_ever]

Changed in latter half of 2017.

[eru]

Interesting. Do you know why?

[mav3rick]

More employee friendly

[eru]

But why didn't they do it before then?

[what_ever]

It was just acceptable before to have a 1 year cliff? Also it was done to placate Nooglers not getting a refresher for the first year (although that didn't make any sense and some Nooglers in 2017 got neither end of the stick).

[monktastic1]

Monthly vesting in the first year?

[seangrogg]

Yep. That's what I had at Google. Was selling shares as soon as I acquired them (no issue with GOOG but I preferred more diversification). I recall there being some admin time needed (~2-3 months?) before I had access to said shares but as soon as I did all 2-3 months worth were "vested" and I started cashing out.

[chapplap]

Monthly at Google, quarterly at Facebook.

[Zhenya]

The vest frequency depends on the size of the grant.

Some grants (small) once a year Bigger - quarterly Large - monthly

[Domenic_S]

Can confirm that at G.

[freepor]

The only point of the one year cliff is to pay someone less, or keep a startup’s cap table clean. For a public company there would be no point.

[eru]

The other point is to bind people to the company.

It's very similar to a sign-on bonus you can claw back in the first year or two.

[mav3rick]

Looks like finally a comment thread where there are no pitch forks against G. Still waiting for someone to concoct a reason as to why this maybe bad for employees :D Also it's quarterly at FB.

[pedrosorio]

Snap does monthly no cliff as well.