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Memo: Palantir restructures bonuses, phases out cash - Business Insider

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Palantir will start paying employee bonuses in stock units instead of cash even though an IPO may be years away

Palantir CEO Alex Karp at Sun Valley in 2019.RSUs have become a contentious issue at the 17-year-old company after it stopped issuing vesting-dependent stock options altogether in early 2019, according to a former employee.

The number of RSUs issued in bonuses will be equal to the amount of cash, and priced at the discretion of the board of directors, according to the email. For employees looking to exercise their stock options, the company had a strike price of $7.40 tied to its $20 billion valuation. It lowered that strike price to $6.10 in 2018, according the former employee.

 

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