Read the work before you buy.

The base is table stakes; the equity refresh cadence is where this package is won.

Pipeline overhang; weight cash certainty over back-loaded equity.

Best-in-class fundamentals; the equity is the story — win the refresh, not the base.

A high-growth pharma with room to push base and bonus target.

Fast-growing security name; the equity refresh cadence is the lever.

High-growth, equity-heavy — model the tax before you counter.

Durable, high-margin operator; push base and bonus, not equity.

Blue-chip stability; the stock-award refresh is where the package is won.