This past year they didn't do stock refreshers for most employees due to the rise in stock price. They calculate your total comp with an assumed 15% YoY increase in the stock price, and if it goes up more than that they decrease stock awards to keep you within the expected band.

I was rated TT this year and got <2.5% base increase and no stock, though I'm still under 2 years so I have vesting through 2026. It still feels shitty though, and part of why I'm looking to leave sooner rather than later.