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How do I pivot from a broker to any job in tech?
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It will be 1 set of stocks only, as far I know. I'll be getting too in April
So if you join this year you get stock grant only next year April 2025 and then the first tranche of RSUs vests after 1 year . So you mean actual stocks come in your account only in 2026?
So if I join on 1 st October 2024 and in my offer worth 6lakhs stock(vesting period:3 years)… in than how much will be I get and when will I get the first time in my account?
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1 set of stocks per FY year which gets granted in the first week of April, unless you also have new joiner rsu bonus
If its over 3 yrs, usually after 1 year you will get 1/3 of your RSUs and after that most companies do quarterly (1/3 for the year distributed equally over 4 quarters). The avg stock price for your month of joiniing is taken and according num of stocks is alloted when you join. And after it is the 1/3 of num of stocks.
Vesting period is 3 years for full amount. It’s vests every quarter
Means if you get 12L worth of stock in April 25, you’ll be distributed 1L worth every quarter (pre tax netting)
I get 1L in Jul'25 itself right and not in apr'26, after a one year cliff?