VanEck Critiques Metaplanet’s Executive Compensation Structure
- VanEck rated Metaplanet’s compensation structure as “Bad,” the lowest category among the top ten digital asset treasury companies.
- Metaplanet’s equity plan is equal to 14.7% of fully diluted shares, significantly higher than the peer average of 4%.
- The company has an officer exposure of 8.2%, compared to a 0.8% average across its peers.
- Following shareholder criticism, Metaplanet reduced its option pool by 41%, from 319.5 million to 188.2 million shares.
- VanEck recommended reversing a prior expansion of roughly 273 million shares and adopting a shareholder-approved compensation plan.
Metaplanet, currently the third-largest publicly traded corporate Bitcoin holder with 43,000 BTC, faces scrutiny over its executive compensation practices which have resulted in significant shareholder dilution.
Despite recent cuts to its equity pool, VanEck asserts that Metaplanet’s measures are inadequate, highlighting an officer exposure rate nearly ten times higher than industry averages. (Source)
