Musk completed a variety of tranches within his pay package that awarded him the sum, but McCormick took it into her own hands to pull the sum from Musk’s grasp. Shareholders of the electric automaker had already voted to give Musk the pay package years prior. After the January 2024 decis...
The proposed pay package would make Musk the most highly compensated CEO in the world. “They are oathbreakers,” he wrote on X in response to a post mocking shareholders who have said they plan on voting against Musk’s compensation. Please let us know if you have any questions about ...
The pay package granted stock option awards for approximately 304 million shares that Musk can buy at about $23.33 each, well below $191.59 where it closed on Tuesday. Musk earned all 12 tranches of stock option awards as Tesla hit escalating financial and operational goals. Musk has not exerc...
The pay package was originally approved in 2018, consisting of 12 tranches of stock options tied to 12 targets for Tesla’s growth, each of which has been hit. As Musk’s compensation is tied to stock, its value has fluctuated with the price of the company’s shares. In 2021, it was ...
Musk’s current compensation plan was approved in 2018, and it involved anextremely high-risk, high-reward systemcomprised of 12 tranches. The package allows the CEO to purchase 1% of Tesla stock with a big discount for every milestone that is met. So far, Musk has accomplished 11 out of...
Tulane Law professor Ann Lipton on Elon Musk's pay package, legal impact of Tesla's move to Texas "It's a very thorough opinion and the Supreme Court should give great deference to the factual findings of the trial court," Lipton said. ...
While it's tempting to mock the hubris of this plan's proposed milestones, investors should consider that Musk's previous compensation plan was similarly viewed as extremely audacious. Put in place in 2012, the plan's target tranches required Tesla's market capitalization to rise in $4 bi...
The unusual plan, valued at a maximum of US$55.8 billion, would allow Musk to receive Tesla shares in 12 tranches, based on hitting certain performance criteria. Musk was sued, along with Tesla and some other members of the ...
SpaceX CEO Elon Musk announced that the company completed the conversion of its state of incorporation from Delaware to Texas after a Delaware court struck down his Tesla pay package.
But Musk's personal financial reasons for leaving California are significant. Under his 10-year compensation package approved in 2018, Musk could earn well over $50 billion in stock and awards in 12 tranches — he's already reached the fourth. He would have to pay income taxes on the p...