In years of legal dispute between Elon Musk (54) and Tesla The Board of Directors approved a billion -dollar stock package through the remuneration of the multi -illiarch. If Musk remains the CEO of the electric car maker for the next two years, he receives 96 million Tesla shares, according to one notice
To the stock market supervision sec.
For these papers, Musk must pay $ 23.34 per share, which corresponds to the exercise price of its equity remuneration program from 2018. Since then, the paper has made a lot of jumping, with the previous highlight of $ 488 in December 2024. At the closing price of Friday at $ 302.63, the 96 million shares would be worth around $ 29 billion (a good $ 25 billion).
Long -term stocks of stocks via Musks has been controversial for years. In 2024, a court in Delaware declared its $ 50 billion in the 2018 remuneration package to invalid due to an incorrect approval process. Musk, with 13 percent of the company’s largest shareholder, appealed in March and claimed that there were legal errors when the record remuneration was lifted. If the old package is declared valid again, the new allocation would be obsolete, as Tesla further announced.
At the beginning of the year, Tesla announced that the board of directors had formed a special committee that deals with Musk’s remuneration. This special committee has now approved the current package. “We are confident that the remuneration will be an incentive for Elon to stay with Tesla,” said the committee according to the Sec document.