Form 4: Meta Platforms CFO Susan Li Awarded 85,740 Restricted Stock Units

Meta Platforms' Chief Financial Officer, Susan Li, was granted 85,740 restricted stock units (RSUs) on March 20, 2024, which vest quarterly starting May 15, 2024.

Summary

• Susan J. Li, the Chief Financial Officer of Meta Platforms, Inc., received a grant of 85,740 restricted stock units (RSUs) on March 20, 2024.
• These RSUs represent a contingent right to receive one share of Meta's Class A Common Stock per unit upon settlement.
• The RSUs vest quarterly, with 1/16th of the total grant vesting each quarter, beginning on May 15, 2024.
• Vesting is contingent upon Ms. Li's continued service with the company through each vesting date.
• 42,870 of the RSUs are held directly by Ms. Li, and 42,870 are held indirectly by her spouse.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholders. There are no negative implications.

Positives

• The grant of RSUs aligns the CFO's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the CFO.

Risks

• The value of the RSUs is dependent on the future performance of Meta's stock price.
• If Ms. Li leaves the company before the RSUs fully vest, she may forfeit some or all of the unvested units.

Future Outlook

The RSUs will vest quarterly starting May 15, 2024, subject to continued service.

Industry Context

Equity compensation, such as RSUs, is a common practice for retaining and incentivizing key executives in the technology industry.

Comparison to Industry Standards

• Granting RSUs to executives is a standard practice among large tech companies like Meta, including companies such as Apple, Google, and Microsoft.
• The vesting schedule of 1/16th quarterly is also a common practice to ensure long term commitment.
• The size of the grant is likely in line with the compensation packages for CFOs at similar companies, but the exact value will depend on Meta's stock price.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it incentivizes the CFO to perform well.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Next Steps

• The RSUs will vest quarterly starting May 15, 2024, subject to continued service.

Key Dates

Keywords

Restricted Stock Units, RSU, Meta Platforms, Susan Li, CFO, Equity Compensation, Vesting