Elon Musk speaks at the unveiling of the Tesla Model Y in 2019.One caveat, however, is that Musk must hold the newly-awarded Tesla shares for five years, according to filings. So while he has the right to exercise a total of 33.77 million options from his 2020 awards, he can’t immediately turn around and sell those shares.
A lot of this comes down to how companies are required to disclose executive compensation with the Securities and Exchange Commission. “The vast majority of highest-paid CEO lists take data straight from summary compensation tables in company filings each year,” explains Jannice Koors, a senior managing director at compensation consulting firm Pearl Meyer.
Since the start of 2021, Tesla has continued to hit new milestones, especially after blowout first quarter earnings. Musk cleared another two tranches of his 2018 CEO Performance Award, which will give him the right to exercise another 16.9 million options—once that is approved by the board. The six tranches of options payouts that he has cleared to date amount to roughly 50.6 million shares .
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Source: Forbes - 🏆 394. / 53 Read more »