While I strongly suspect we have similar or at least compatible sociopolitical stances I actually don't know that more equity would solve this problem. He's already very enthusiastic about serving the company to the best of his abilities. He's a very high effort guy (again, I like and even admire him). He has written long missives in the work chat about how he's now able to keep more plates spinning at a time and get more done now that he has AI. Meanwhile I would argue the overall quality of his output has slightly declined because the hard parts are in the details you spend time thinking about and now all of his time is spent overseeing agents (to the point that they read the tickets on their own).
Maybe he keeps more plates spinning ... in his side projects. Clearly, developers are expected to produce more results with LLMs and switch between contexts quickly. It shouldn't be surprising that everyone may be running their own thing(s) on the side now.