Not really how it works anymore. Everyone just gets 4 year RSU grants with an even vesting schedule and no lockout period, and it has been that way for a long time now. I've never really heard of anyone at Meta getting options (maybe possible for execs?).

That said, with enough stock growth, the stacking RSU grants can still enter into "never having to work again" territory depending on your role/level and how many grants you've been able to stack.

Yeah, perhaps equity would have been a better word choice. Not a finance guy me.

For some people (myself included), "options" is an informal name for RSUs.