[dcosson]

Interesting. Yeah, obviously the vested value is what matters to people at the end of the day.

In that case, maybe some kind of conversion view would be useful? Like splitting up: here is what you would expect an offer you receive today to look like (base, target bonus, and 4-year equity grant), and here is what your comp might look like at years 2, 3, or 4 at the company based on reported TC that factors in equity refreshers and recent stock appreciation.

My thinking is just that one of the obvious times when this tool is super useful is when you get an offer and you want to see how it compares to other offers the company has given out recently at the same level. But the offer you get will just be an initial grant and won't include stock appreciation or refresher grants (if there are target refresher grants, those would be listed separately in your offer). It would be cool if levels.fyi had some kind of normalized view to be able to do that direct comparison.