Executives at Meta are set to receive larger bonuses this year. In a corporate filing on Thursday, the company announced an increase in the target bonus percentage for its annual executive bonus plan. Under the new structure, Meta’s named executive officers can now earn a bonus of 200% of their base salary, a significant jump from the previous 75%.
The changes, however, do not apply to Meta CEO Mark Zuckerberg, according to the filing.
A committee of Meta’s board of directors approved the adjustment on February 13 after determining that executive compensation was “at or below the 15th percentile” compared to similar roles at peer companies. With the increase, total target cash compensation for Meta’s named executives—excluding the CEO—now aligns with the 50th percentile of its industry peers.
The disclosure of the updated bonus plan comes just a week after Meta began laying off 5% of its workforce, a move the company previously said would target its lowest-performing employees. Additionally, according to a Financial Times report published Thursday, Meta has cut its annual stock-option distribution by about 10% for thousands of employees. The impact of these reductions may vary depending on employees’ locations and roles.
Despite these cost-cutting measures, Meta’s stock has surged more than 47% over the past year, closing at $694.84 on Thursday. The rally reflects investor confidence in the company’s growing digital advertising revenue and the long-term potential of its AI investments.
In January, Meta reported fourth-quarter revenue of $48.39 billion, marking a 21% increase year over year.
