Pave offers 2 options when Benchmarking for equity: Total Equity & New Hire Equity.
Total Equity is displayed as the total gross value of all grants. This is calculated as the total number of granted shares multiplied by the preferred share price from a company's most recent round of funding. This includes the impact of stock appreciation as well as any additional grants that may have been received.
New Hire Equity is displayed as the value of the first grant received by an employee at the time that it was received. This is calculated as the number of shares in the employee’s first grant (options or common stock) multiplied by the preferred share price of the company at the time of issuance. There is no additional grants or stock appreciation impact.