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Technical Program Manager

Median Package
Lyft

$390k

Total / Year

$200k

Base

$190k

Stock

$0k

Bonus

Lyft

San Francisco, CA

T5

Level

1

Yrs At Comp.

8

Yrs Exp.

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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