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Musk Clinches an Astonishing $116 Billion Compensation Deal, Fully Vested by 2028
2 hour ago /
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Author：小编
Based on Tesla's official filing, on June 16, CEO Elon Musk exercised 304 million stock options at a strike price of $23.34 per share, as outlined in the 2018 compensation plan. Given that Tesla's stock closed at $404.66 per share on that particular day, Musk secured a paper profit of roughly $116 billion. The exercise was executed using a "net settlement" approach, whereby Tesla retained 17.5319 million shares to cover the associated exercise costs. As a result, Musk was left with a net gain of approximately 286 million restricted shares. These shares come with service-year conditions attached and are projected to become eligible for sale by 2028.
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