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It depends on the company. Some will give you a refresher every year based on performance, others will take stock appreciation into account.
At Amazon for example let’s say you’re rating Exceeds for a Manager and the target cash comp for that is $300K. You are at $200K base and got $50k per year in stock when you joined. That $50K has grown to $100K, so you’re making $300K / year. You would get no refresher since your comp of $300K is your target cash comp.
Wow. That takes a big chunk of the wealth creation lever out of play.
I’ve worked at two places with RSUs and you get a dollar value of new shares every year that vest over time. But stock appreciation form previous years’ grants doesn’t impact the current year’s grant.
Do you understand how RSUs work?
@ACN 1, don’t be a dick...if OP knew, they wouldn’t be asking
At my company (public, FAANG adjacent) you start with a chunk that vests over four years with a one year cliff. Every year with performance review, they will award additional RSUs as a part of the performance review cycle. At that point, HR will take a look at the overall comp to ensure the initial grant remains at least on track with what was negotiated at signing. If it’s significantly below, adjustments may be made.