Can someone break this down for me? Am I correct in the thinking that I will be “given” 250 shares of this stock as compensation?

“….. purchase shares of Common Stock of Company. The Option will be exercisable for 250 shares of Common Stock of Company and shall vest in accordance with the following: 1/4th of the total shares shall vest on the first anniversary of the effective date of your employment, and 1/36th of the remaining shares shall vest on a monthly basis starting on the first anniversary of the effective date of your employment;”