Please note I have read this question before coming here
How should I properly approach my boss if I'm feeling underpaid
Is it considered poor etiquette to negotiate when offered a raise?
Background
I've been at the company for 2 years now and last year because of an organization restructuring, I was given more work to fit the "new role". To clarify, my team merged with another team so I was given tasks on both teams. It was only later in the year of last year around this time that my salary got readjusted properly.
To add more information though, recently a fair number of engineers got promoted and, naturally, got raises. I got a simple equity boost which, while I appreciate, does not help me right now given my financial situation. As far as I know we aren't given cost of living raises at all. Unfortunately, we have also lost a fair number of engineers recently due to them finding other opportunities (whether that affects this conversation I am uncertain so if you have thoughts on that would love to hear).
Question
Would it seem off or bad that I am asking for a raise despite the salary reallocation last year and/or the equity boost? After talking to a few people, it seems the salary I got was simply the starting salary offer (without negotation) of a lot of our engineers here so I had little say. I have been putting off asking for one given our financial situation but as mentioned above, I think things are looking better for the company.
And, while the question I looked at helped a lot, if people have any advice on how to go about it, I would love to hear. I recently talked to him about chatting about my career goals a little more in depth in the coming weeks which I feel is a good opportunity to hear how far I am.