Twitter CEO Jack Dorsey to give a third of his stock to employee equity pool

Twitter Inc Chief Executive Jack Dorsey said he is giving a third of his stock in the company, about 1 percent, to the employee equity pool.

This move is to "reinvest directly in our people," Dorsey, who was named as the company's permanent CEO earlier this month, said in a tweet on Thursday.

Twitter could not be reached immediately for a comment outside regular business hours.