What determines the start date of the vesting schedule?
The specific year, month, and day that a grant is received will act as the start date for the vesting schedule. Let's assume the grant below is operating on a 4 year annual vesting schedule.
In this example, our Grant Date is 01/18/2024. With a 4 year annual vesting schedule, our grant will be 25% vested on 01/18/2025, 50% vested on 01/18/2026, 75% vested on 01/18/2027, and 100% vested on 01/18/2028.
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