Meta Platforms DEF 14A: Executive Comp & Shareholder Info
Ticker: META · Form: DEF 14A · Filed: 2024-04-19T00:00:00.000Z
Sentiment: neutral
Topics: proxy-statement, executive-compensation, corporate-governance
Related Tickers: META
TL;DR
Meta's DEF 14A is out, detailing exec pay and governance for 2023. Check it for shareholder insights.
AI Summary
Meta Platforms, Inc. filed its DEF 14A on April 19, 2024, for the fiscal year ending December 31, 2023. The filing details executive compensation, corporate governance, and other important shareholder information. Key adjustments related to equity awards, including exclusions and inclusions of vested and unvested awards, are itemized for the reporting period.
Why It Matters
This filing provides crucial details on how Meta Platforms compensates its top executives and outlines corporate governance practices, which can influence investor decisions and company strategy.
Risk Assessment
Risk Level: medium — DEF 14A filings are routine but can contain information about executive compensation, potential conflicts of interest, or changes in corporate governance that could impact stock value.
Key Numbers
- 2023 — Fiscal Year End (Reporting period for the DEF 14A filing.)
- 20240419 — Filing Date (Date Meta Platforms filed this DEF 14A with the SEC.)
Key Players & Entities
- Meta Platforms, Inc. (company) — Filer
- 1 META WAY, MENLO PARK, CA 94025 (address) — Business and Mail Address
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors, executive compensation, and other proposals.
What specific fiscal year does this DEF 14A filing cover?
This DEF 14A filing by Meta Platforms, Inc. covers the fiscal year ending December 31, 2023.
When was this DEF 14A filing submitted to the SEC?
This DEF 14A filing was submitted to the SEC on April 19, 2024.
What are some of the key areas detailed in Meta's DEF 14A filing?
The filing details executive compensation, corporate governance, and shareholder information, including various adjustments related to equity awards.
What is Meta Platforms, Inc.'s former company name?
Meta Platforms, Inc.'s former company name was Facebook Inc., with a date of name change on May 11, 2005.
From the Filing
0001326801-24-000034.txt : 20240419 0001326801-24-000034.hdr.sgml : 20240419 20240418212509 ACCESSION NUMBER: 0001326801-24-000034 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 61 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240419 DATE AS OF CHANGE: 20240418 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Meta Platforms, Inc. CENTRAL INDEX KEY: 0001326801 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 201665019 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-35551 FILM NUMBER: 24855423 BUSINESS ADDRESS: STREET 1: 1 META WAY CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 650-543-4800 MAIL ADDRESS: STREET 1: 1 META WAY CITY: MENLO PARK STATE: CA ZIP: 94025 FORMER COMPANY: FORMER CONFORMED NAME: Facebook Inc DATE OF NAME CHANGE: 20050511 DEF 14A 1 meta-20240418.htm DEF 14A meta-20240418 0001326801 DEF 14A FALSE 0001326801 2023-01-01 2023-12-31 iso4217:USD 0001326801 2022-01-01 2022-12-31 0001326801 2021-01-01 2021-12-31 0001326801 2020-01-01 2020-12-31 0001326801 meta:AdjustmentExclusionOfEquityAwardsMember 2023-01-01 2023-12-31 0001326801 meta:AdjustmentInclusionOfOutstandingAndUnvestedAwardsGrantedMember 2023-01-01 2023-12-31 0001326801 meta:AdjustmentInclusionOfYearOverYearChangeInFairValueOfOutstandingAndUnvestedAwardsGrantedInPriorYearsMember 2023-01-01 2023-12-31 0001326801 meta:AdjustmentInclusionOfFairValueOfAwardsGrantedAndVestedMember 2023-01-01 2023-12-31 0001326801 meta:AdjustmentInclusionOfYearOverYearChangeInFairValueOfAwardsGrantedInPriorYearsThatVestedInCoveredYearMember 2023-01-01 2023-12-31 0001326801 meta:AdjustmentExclusionOfAwardsForfeitedMember 2023-01-01 2023-12-31 0001326801 meta:AdjustmentExclusionOfIncrementalDividendsOrEarningsPaidOnAwardsMember 2023-01-01 2023-12-31 0001326801 1 2023-01-01 2023-12-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________  SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.     ) ____________________________________________  Filed by the Registrant.    ý                                 Filed by a Party other than the Registrant.    ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ý Definitive Proxy Statement ¨ Definitive Additional Materials ¨ Soliciting Material under § 240.14a-12 Meta Platforms, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement if other than the Registrant) Payment of Filing Fee (Check the appropriate box): ý No fee required. ¨ Fee paid previously with preliminary materials. ¨ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Table of Contents INTRODUCTION Page No. Letters to Our Shareholders 2 Notice of Annual Meeting 4 Proxy Statement Summary 5 CORPORATE GOVERNANCE Director Nominees and Executive Officers 14 Proposal One: Election of Directors 26 Corporate Governance 26 Responsible Business Practices 35 Shareholder Engagement 44 Related Party Transactions 46 Report of the Audit & Risk Oversight Committee 47 Proposal Two: Ratification of Appointment of Independent Registered Public Accounting Firm 47 Proposal Three: Approval of Amendment to Amended and Restated Certificate of Incorporation 48 Proposal Four: Approval of Amendment to 2012 Equity Incentive Plan 49 COMPENSATION AND SECURITY OWNERSHIP Director Compensation 55 Executive Compensation, Including