Overview
- Blue Origin told employees it is shifting to cash‑settled stock options with a $9.50 strike price, according to the Financial Times.
- Under the update, external funding rounds or tender offers can now trigger a cash payout, not just a sale of the company or an IPO.
- The move follows anger over an earlier plan that tied payouts only to a sale or IPO, which led many options to expire without any return.
- Chief executive Dave Limp told staff there are no immediate plans to take the company public.
- Reuters said it could not independently verify the Financial Times report and reported that Blue Origin did not respond to a request for comment.