EquityList Product Updates

[Note: You’ll now find Vesting Templates under Equity Awards in the left-hand menu.]

We have completely revamped vesting templates for our customers to support customization and complex vesting schedules.

1. When adding/creating a new vesting template, you now get:

• Customizable vesting schedule: Select between ‘Standard’ and ‘Custom’ types to create the desired schedule.
  
• New duration intervals: ‘Vesting Duration’ and ‘Cliff Duration’, now both support daily, monthly, quarterly, and yearly durations.
  
• Immediate vesting: When issuing a new grant, you can select to immediately vest a percentage of the total grant, e.g. “20% immediate vesting upon grant date and 80% split across 4 years.”

2. Introducing ‘Performance Conditions’:

You can now create multiple performance conditions for vestings and link them with a vesting template.

This feature enables batch creation of grants tied to specific performance requirements, including customizable payout ranges.

E.g. “$3M ARR by Q4 2024, vesting payout between 50% and 100%.”

You can also realize these conditions by specifying the vesting payout (percentage of goal achieved) to vest units in bulk for all grants linked to a performance condition template.

3. Creating custom vesting templates:

You can now completely customize your vesting templates as well. This includes:

1. ‘Performance Based Vesting’: Define milestones, vesting percentage, and link performance conditions.
   
2. ‘Time Based Vesting’: Create your own time-based vesting schedules and link them to a performance condition as well.
   
   [Note: When linked with a performance condition, the vesting will only be completed once both time duration and performance conditions are met.]
   
3. ’Manual Vesting’: Create templates where you get to decide when to vest. With this option, vesting events occur only when you manually trigger them at the grant level.

Give it a try!