I believe that only works if you believe you'll benefit from moving the stock up and are in a position in which you actually can. Both seem doubtful to me for many workers. This is also why commission is a great motivator for sales people; they directly benefit from putting in the extra mile, so of course they want to work hard. Meanwhile a tech worker centering a div has no way of connecting their work with the company's bottom line unless they work in ads or similar. Even then they're more likely to be tangibly rewarded with a bonus or promotion.

Edit: Here's a simple math calculation that illustrates my point. Let's say you increase your company's stock price by 10% which is enormous for an established company, and 60% of your TC is stock. Congratulations, you got yourself a 6% pay raise, which is checks notes an inflation adjusted raise.

bonuses have become almost algorithmic

at least where I work in BigTech, your bonuses are more or less pre-baked based on:

- company prospects (they do well, you do well)

- seniority (your "level")

- tenure

I've not seen anyone get outsized bonuses based on individual merit