New Delhi, March 25 -- Meta Platforms Inc. is offering top executives stock options for the first time since its 2012 IPO - an effort to retain and compensate executives as the company continues to spend aggressively to compete in the heated AI race.

The new options, outlined in company filings on Tuesday, will be released if Meta hits ambitious stock-price milestones over the coming years. They are being offered to executive officers and other senior leaders directly responsible for the company's most consequential and strategic bets, a Meta spokesperson said.

The first tranche of options unlock if Meta stock hits $1,116.08 per share - an 88% jump over the current level. Meta shares closed Tuesday at $592.92 in New York.

Additional tr...