A couple other things to think on.
You make a living, currently, from this institution. The corporation pays you a salary, or hourly rate. It tacks on bonuses, options, stock payments and the like. This forms your "total compensation package". I work in a similar situation, where my salary currently makes up a mere 40% of my overall compensation.
I have coworkers, who have a spouse at the company. In the state of investing, we would suggest this would be looming towards the "putting all your eggs in one basket" plan. In the worst case, our hypothetical employee, their spouse, both receive paychecks, stocks (or options) plus bonuses, all tied to company performance. In the very worst ending, this is Enron, or another form of company that lies or stretches the accounting. The risk factor here, tying so much of your life to one company (that you have little to no control over, direction wise, even as a mid level management) to me, is absurd.
Absolutely, I will take the options, I will take the stock, the bonuses and other compensations. But I vest, I sell, I remove them from any interference with the company immediately. In my eyes, it's my money, which has no bearing on my job. Yes, it could go up 100%+ or of course down to 0%, but if I remove immediately, I get to have more say and control on what that looks like. I can make it VTSAX, an income property or splurge on a new car. It's my choice. Not the whims of any corporate entity. Unfortunately, even though the share (and therefore option) holder typically come first, let's be honest and say when push comes to shove and executives are getting golden parachutes regardless of performance; we can't really rely on anyone in the corporation as an individual to look out for your employee or shareholder rights. Much like voting in an election, you have a very small illusion of control over what happens in government. Here too, that's very small. I prefer to not ride the roller coaster at all, or (in a sense) as little as I possibly can.
Hopefully that makes sense.
By removing the stock, or options on a regular basis from corporate money, I'm Dollar Cost Averaging in reverse. It's my money, period.