What ever happened with your equity?
I have no idea what the likelihood of this being worth anything or not! Has anyone received company equity as part of their compensation package?
I work at a small-medium start up that is now in the scaling phase. Approx 300 employees, operating in 5 states. I am a Director of Ops. Healthcare consulting and risk stratification. Currently turning a profit, orig PE/JC. They provide a very unique business model and no one else is doing it this way (that I have been able to find.)
I was given what the annual report says should be around $445k but I understand it’s not guaranteed to be worth anything. Vest over 3 years.
Anyone been in a similar situation? Did the shares ever become worth something? How did that look for you and what went right/wrong?
EDIT: From the comments:
My company isn’t public, and is still in the hands of founding leadership (backed by PE/JV to the tune of $100m) I did not pay anything for these shares. When I was promoted into Director, I got awarded those shares as part of my compensation. I don’t have to pay anything for them, it’s not an option. I just have them so not paying taxes on them because no value yet. These shares are 66% time based vesting and vest 2x per year, to end in 3 years. The other 33% are performance based and vest on the same schedule.
However the business is doing very well. It’s a service that no one else really does and it works. I think there is a possibility to scale up big enough to sell.