[bluGill]

Unless you are aiming for the C suite you should NEVER have any company stock as that is putting too many eggs in one basket. If you have all your eggs in one basket you better watch that basket on a level that only C suite people have access to. (I'm not sure if they do,but at least they can unlike those below)

[jmathai]

In this case, you don’t have much choice if company stock makes up a large portion of your income. You can sell immediately but the money you receive from that transaction is much less - it’s lowered income even if you immediately diversify.

[bluGill]

I.value company stock offers at zero. If I get it and can sell it is a nice bonus. I've seen too many burned by then. The only reason i'm not one is I knew this could happen so I didn't count one things. (They have worked out once in a.while too, but until the money is in my bank account I don't count it)

[spacemadness]

Many developers have a decent chunk of their total compensation in RSUs these days.