The company said the Compensation, Nominating & Governance Committee (CNGC) approved raising the target bonus percentage for each named executive officer other than the Chief Executive Officer from 75% to 200% of base salary, on February 13, 2025.

1. 01

   The company said the Compensation, Nominating & Governance Committee (CNGC) approved raising the target bonus percentage for each named executive officer other than the Chief Executive Officer from 75% to 200% of base salary, on February 13, 2025.

2. 02

   Meta Platforms said the higher target bonus percentage will take effect beginning with the 2025 annual performance period under the Bonus Plan, which is the 2025 annual performance period.

3. 03

   The company said the CNGC, in approving the increase, considered that target total cash compensation for named executive officers other than the CEO was at or below the 15th percentile of target cash compensation for executives in similar positions at its benchmarked peer group.

4. 04

   Following the increase, the company said target total cash compensation for named executive officers other than the CEO is at approximately the 50th percentile of peer group target cash compensation. It said Bonus Plan payouts are calculated by multiplying each executive's base eligible earnings by the target bonus percentage and by the company performance percentage approved by the CNGC.

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Original filing

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