Meta names Dina Powell McCormick President & Vice Chairman, effective Jan 12, 2026.
Filed with the SEC on · Summarized by InvestorsBot
Meta names Dina Powell McCormick President & Vice Chairman, effective Jan 12, 2026. She joins from BDT & MSD (May 2023–Jan 2026), spent 16 yrs at Goldman Sachs, held prior US govt roles; was a Meta director Apr–Dec 2025 and advisor Dec 2025–Jan 2026. 🏢 $META #ExecutiveHire #CorporateGovernance
Pay package: $1,000,000 base salary, $2,000,000 one‑time cash sign‑on, bonus target 200% of base, plus RSUs with initial equity value $60,000,000 under the 2025 EIP — vesting quarterly over 4 yrs beginning May 15, 2026. 💰 $META #Compensation #SECfiling
If terminated by Meta without cause or by Powell McCormick for good reason before the 2nd anniversary (subject to release), she gets a lump‑sum equal to the value of the unvested portion of her existing RSU award that would have vested before that date. Company will enter standard indemnification. 🛡️ $META #BoardUpdate #Risk