BuzzFeed Inc., Bullish About Future of the Company, Redefines Compensation Model to Drive Value Creation

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (Nasdaq: BZFD) today announced its go-forward model for employee equity compensation and incentives. BuzzFeed founder and CEO Jonah Peretti is leading the way for this change, taking the majority of his compensation as a stock-based package—at the money options—and removing the bulk of his cash based-compensation. The company is also extending stock incentives to senior executives across the organization. The strategic move provides stock options with a