Meta investors will get free shares if Mark Zuckerberg hits 'extraordinary' targets
Source: Business Insider ·
Meta stockholders will receive a dividend every time the stock doubles and has compounded by at least 10% a year.
From the source
Mark Zuckerberg is the founder and CEO of Meta.Bloomberg/Getty ImagesMeta will give its investors free shares if Mark Zuckerberg hits certain "extraordinary" targets.It will pay 1:1 share dividends each time Meta stock doubles and has compounded at over 10% a year.Meta is rolling out Class C shares to address Zuckerberg's tax concerns and keep him in California.Meta stockholders are set to receive free shares if Mark Zuckerberg absolutely crushes it as CEO.The social-media giant revealed in a Wednesday filing that if its upcoming Class C shares double from a baseline price of $580.60 to just over $1,161, and their compound annualized return since September 10 has been at least 10%, shareholders will receive a dividend: a Class C share for every Meta share they own.If Meta stock — specifically its 30-day volume-weighted average price — doubles again to around $2,322, and has risen by at least 10% on average per year, shareholders will receive the same dividend again, and so on.Meta,…