Earlier quoted context omitted.
FWIW, Netflix basically has a slider, where you can take from 0% to 100% of your salary in options vs in cash. You get to decide once a year during a sort of "open enrollment" (like how you choose health care plans).
FYI they changed it to 50% max a few years ago, but otherwise yes. I had a few friends who went 100% stock (which meant that they technically qualified for food stamps and medicare since it was pretax dollars) and some went 70%.
There is no maximum. Reed is taking 100% in 2022.