As an L5 who gets promoted to L6, do you receive a promotion grant? Ie I imagine if you’ve been at google for a while your realized comp in y1 of l6 is higher than a new l6 on average because your old grants (from l5 days) are still vesting in theory? Am I thinking about this wrong?

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No promotion grant, but your next refresh gets calculated using the new L6 base refresh amount

Also depends on your compa ratio (where your comp sits in the new band) will get a bigger bump the lower you are starting. If you’re in the high end of the band it could be low to nothing.

No, your future equity refreshers will be higher. Base goes up, so goes bonus (from 15% to 20% for company bonus plan)

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