Facebook's Employees Likely Still Cheering Despite Stock Cooling

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Foley said he suspects those on the stage had "substantial to significant" stock awards, "not because they are necessarily significant folks but I assume they spread the wealth" as "there is so much wealth to go around."

Their awards would depend on when they came on board, their perceived impact on the company and any accomplishments with the company thus far.

According to the company's S-1 filings, vested, restricted stock unit grants for general employees will be delivered six months after the IPO. Awards given before 2011 generally vested or will vest over four years.

Foley said vesting over four years is not unusual for a public tech company for normal size grants.

Whatever their pay, Foley said most outside investors would hope employees had a vesting schedule to incentivize employees to stay with the company.

"I would just like to moderate the drain somewhat, so there is more than enough once the initial restrictions come off. They could still buy the house they want to buy, but I would hope for some restrictions so there is value on the table to encourage them to stay and work," Foley said. "It would be interesting to see how they do in terms of the current generation of Facebook employees."

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