Equity is your ownership of a piece of a company, e.g., "John owns 2.7% of the group's equity." This ownership has different forms i.e., stock options, RSUs, and shares. A company’s Board of Directors approves equity grants, and the operational management of equity is headed by the HR team. They grant “pieces of the company” to new hires, current employees, or even as promotions for outstanding individuals.
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Set up vesting schedules and assign equity grants to employees. When you're done, company stakeholders will have a clear and easy way to view the vesting status of equity grants in their Equity reports.