Earlier quoted context omitted.
Amazon aims for total compensation, cash + stock. So, the package for a typical SDE I will look like the following: Salary: x Starting bonus year 1: 0.2x Starting bonus year 2: 0.15x RSU grant is 0.6x, vesting 5/15/40/40 (4 years). So when you add it up, assuming a constant stock price, you get: Y1:1.23x Y2:1.24x Y3:1.24x Y4:1.24x So at a basic level the back loading of stock is just making up for the starting bonuse…
Wait there are no refresh equity grants at Amazon? I'm at Google and making over double what I was when I started, almost all from additional equity grants every year. It worked out to more like 1.3x, 1.5x, 1.8x, 2.4x, ...
So yes, there are refresh equity grants. I've heard from a good source that they do that at Apple as well.