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Software Engineer

Average Compensation by Level

+ Add Your Compensation

Level NameTotalBaseStock (/yr)Bonus

T3

(Entry Level)

$239k

$140k

$71k

$27k

T4

$283k

$164k

$115k

$3k

T5

$387k

$196k

$187k

$4k

T6

$441k

$216k

$222k

$2k

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Vesting Schedule

25%

25%

25%

25%

YR 1

YR 2

YR 3

YR 4

Stock Type

RSU

At Lyft, RSUs are subject to a 4-year vesting schedule: 25% vests at the end of the 1st year (cliff), then 25% in each of the 2nd, 3rd and 4th years (6.25% every 3 months).

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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