Stock options

Jobs offering stock options provide employees with the opportunity to buy company shares at a predetermined price, aligning their interests with the company's long-term success. This form of equity compensation is especially common in startups and growth-stage technology companies hiring PHP developers.

Understanding Stock Options as Compensation

Stock options are a key component of the total compensation package in many tech roles. They offer the potential for a significant financial return if the company grows and its valuation increases. For developers, this means having a direct stake in the success of the product they are building.

Key Terms to Know

• Grant: The total number of options offered to you as part of your compensation package.
• Vesting Schedule: The timeline over which you earn the right to exercise your options, often spanning several years with a one-year "cliff."
• Strike Price: The fixed, predetermined price at which you can purchase a company share.
• Cliff: A common initial period (e.g., one year) that must be completed before any options begin to vest.