It happens at both F & G in FAANG.

I had a first year cliff at Google a few years ago. But they might have changed that.

Facebook definitely doesn't have a cliff in 2020.

Changed in latter half of 2017.

Interesting. Do you know why?

More employee friendly

But why didn't they do it before then?

It was just acceptable before to have a 1 year cliff? Also it was done to placate Nooglers not getting a refresher for the first year (although that didn't make any sense and some Nooglers in 2017 got neither end of the stick).

Thanks!

Monthly vesting in the first year?

Yep. That's what I had at Google. Was selling shares as soon as I acquired them (no issue with GOOG but I preferred more diversification). I recall there being some admin time needed (~2-3 months?) before I had access to said shares but as soon as I did all 2-3 months worth were "vested" and I started cashing out.

Monthly at Google, quarterly at Facebook.

The vest frequency depends on the size of the grant.

Some grants (small) once a year Bigger - quarterly Large - monthly

Can confirm that at G.

The only point of the one year cliff is to pay someone less, or keep a startup’s cap table clean. For a public company there would be no point.

The other point is to bind people to the company.

It's very similar to a sign-on bonus you can claw back in the first year or two.

Looks like finally a comment thread where there are no pitch forks against G. Still waiting for someone to concoct a reason as to why this maybe bad for employees :D Also it's quarterly at FB.

Snap does monthly no cliff as well.