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Lyft Product Designer Salaries in San Francisco Bay Area

Product Designer compensation in San Francisco Bay Area at Lyft ranges from $231K per year for T3 to $635K per year for T7. The median compensation in San Francisco Bay Area package totals $292K. View the base salary, stock, and bonus breakdowns for Lyft's total compensation packages. Last updated: 5/28/2024

Average Compensation By Level
Add CompCompare Levels
Level Name
Total
Base
Stock (/yr)
Bonus
T3
$231K
$138K
$68K
$25K
T4
$279K
$158K
$121K
$0
T5
$333K
$189K
$144K
$0
T6
$433K
$217K
$211K
$5K
View 1 More Levels

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Vesting Schedule

100%

YR 1

Stock Type
RSU

At Lyft, Main RSUs are subject to a 1-year vesting schedule:

  • 100% vests in the 1st-year (25.00% quarterly)

Alternatively, Lyft has now begun issuing single year vesting schedules with no cliff. Candidates receive a grant for their first year vesting every 3 months, and upon yearly evaluation receive grants for subsequent years. The pros are protection from the stock price declining, the cons being that you may see limited upside from stock growth.

25%

YR 1

25%

YR 2

25%

YR 3

25%

YR 4

Stock Type
RSU

At Lyft, Main RSUs are subject to a 4-year vesting schedule:

  • 25% vests in the 1st-year (25.00% annually)

  • 25% vests in the 2nd-year (6.25% quarterly)

  • 25% vests in the 3rd-year (6.25% quarterly)

  • 25% vests in the 4th-year (6.25% quarterly)

Alternatively, Lyft has now begun issuing single year vesting schedules with no cliff. Candidates receive a grant for their first year vesting every 3 months, and upon yearly evaluation receive grants for subsequent years. The pros are protection from the stock price declining, the cons being that you may see limited upside from stock growth.



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FAQ

The highest paying salary package reported for a Product Designer at Lyft in San Francisco Bay Area sits at a yearly total compensation of $635,000.. This includes base salary as well as any potential stock compensation and bonuses.
The median yearly total compensation reported at Lyft for the Product Designer role in San Francisco Bay Area is $292,000..

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