Pros
The pay is good but the way they pay you, you get your only big stock grant on hire. It vests 5%, 15%, 40%, 40% over the first four years. They give you a target comp that used to be base salary plus about 50% more in RSUs but now they pay higher base and it might be more like 15% RSUs. Once those all vest, they give you very few additional RSUs thereafter, but enough to keep you at hiring target at least. Last year was way over target, this year was still over target, and next year is only going to be over target because they topped me up a little this year.
Cons
When they calculate target comp for the year they assume that stock will be appreciating every year. Sometimes it does, sometimes it doesn't. Note that "target comp" varies every year because they calculate how much of your previously granted stock will be vesting that year, and that plus your base is the target comp for the year. While the total comp has been up over the target at which I was hired the last few years, that target has not officially moved. At one point they adjusted salary to be a larger percentage of comp to be more competitive in terms of offers and also due to shareholder pressure about using shares as comp. There's a curve on performance ratings and they "manage out" the bottom 10% every year, from what I have heard.