ByteDance starts the employee's sudden wealth plan and buys back options with a large amount of money. Some people can earn up to 175%

Byte starts the second round of option repurchase this year , per share 132 dollar

ByteDance opened the second round of option repurchase this year last week , The on-the-job employee repurchase price is... Per share 132 dollar , The resigned employee has not received the option repurchase email yet . In the second half of this year, employees who joined ByteDance were granted options at a price of... Per share 190 dollar .

Only according to 2020 The grant price for , This time, the benefit space of employees participating in the buyback of ByteDance will reach 120% perhaps 175%. If you take into account the option grant price in the longer term , Some employees may also have far more room to benefit from options than 200%

Compared to the middle of last year 60 Option grant price in US $ , The employees have been working for nearly one year 120% Pre tax return ; If the employee is 2020 year 4 Monthly per share 48 Exchange the year-end bonus in US dollars for options , Then the pre tax return rate has reached 175% —— This rate of return has far exceeded that of Alibaba 、 A lot of spelling 、 Meituan's stock has risen in the past year .

Options change from a contract to cash , To go through a grant 、 ascription 、 There are four links: exercise and liquidation exit , Employees will be granted options when they join the company , Byte employees can also obtain options through year-end bonus replacement ; Byte options take four years to fully vest , Each year, it belongs to 15%、25%、25%、35%, The vesting part can be realized by paying a small amount of exercise price , The way of realization may be the company's repurchase , It can also be sold on the open market after the company is listed .

Cancel the large and small weeks or promote the repurchase frequency of equity incentive

This year, byte's two consecutive rounds of option repurchase surprised many employees , In the past, there was only one round of option repurchase per year , Usually every year 4 Month or 10 After the completion of the annual performance evaluation in January . Performance evaluation in M And above employees can choose to exchange the year-end bonus for options , But in the M There are only 3 level , Insiders estimate that 60% All the above employees are eligible to participate in the replacement of year-end bonus and option .

An employee who changed last year's year-end bonus into options said , This year's two consecutive rounds of option repurchase may be to enhance everyone's liquidity , Make up for the employee's salary loss after the cancellation of weeks and weeks in the company .

ByteDance from this year 8 month 1 The two-day rest of the big week will be cancelled from the th , A weekday break is a way of working , Change to weekly weekend . The employees found that their annual salary would be reduced after accounting 17%. Many employees once asked whether the salary could be raised generally on the intranet , But has not been officially replied .

however , The above byte employee said , This option repurchase is not very attractive to him , because “ Neither willing nor willing to sell at this price .” In his opinion , Live E-commerce 、TikTok, And the new business invested by byte may be a new growth point ,“ What everyone wants is the story of sudden wealth , Not so much .”

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