Earlier quoted context omitted.
> stock options did become nearly universal in tech compensation Although I've noticed that options have been replaced more and more these days with RSU's (plain old grants) because options have a tendency to go "underwater", suggesting that they weren't all that great to begin with.
> options have been replaced more and more these days with RSU's (plain old grants) RSUs are also much-less liquid and tightly controllable by companies than actual stock. That has made them attractive to management and insiders.
Every time I got an RSU I could just sign into my RSU account and press a single button which sold them all, put a portion of the proceeds aside for taxes, and deposited the rest as cash directly into my bank account within 1-2 business days.
How are options more liquid than that?