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Compensation at Redfin

Vesting Schedule

10%

20%

30%

40%

YR 1

YR 2

YR 3

YR 4

Stock Type

RSU

At Redfin, RSUs are subject to a 4-year vesting schedule: 40% vests at the end of the 1st year (cliff), 30% in the 2nd year (7.5% every 3 months), 20% in the 3rd year (5% every 3 months), 10% in the 4th year (2.5% every 3 months).

Redfin has a front-loaded vesting schedule for new-hire grants and another vesting schedule for annual retention RSU grants with 25% vesting every year. The value of retention grants is usually 33% of the new-hire grant.

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