Tesla approves 96 million stock award to Musk
2 hours ago

Tesla approved the grant of 96 million restricted shares to CEO Elon Musk under the company's 2019 equity incentive plan. The award was approved on August 3rd based on the recommendation of a special board committee. The shares vest only if Musk holds an executive position until August 3, 2027. Musk must pay $23.34 per share upon vesting, the same price as the 2018 award. A special committee was established in early 2025 to assess Musk's compensation. (Jinshi)

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