Meta has reduced its annual distribution of stock options by approximately 10% for tens of thousands of employees, despite the company’s shares reaching record highs this month, the Financial Times reported.
Equity refreshers, which employees receive annually as part of their compensation alongside base salaries and bonuses, will see a reduction this year. These stock options, which vest quarterly over four years, form a significant portion of employee remuneration.
Most employees have been informed of a 10% cut in their equity allocations, though the exact reduction varies based on location and position within the company, according to sources cited by the Financial Times.