Tesla CEO Elon Musk Earned The First Performance Based Payout

Tesla CEO Elon Musk Earned The First Performance Based Payout

Image credit : entrepreneur.com

On May 28th 2020,Tesla CEO Elon Musk earned the first performance-based payout.

“As of the date of this proxy statement, one of the 12 tranches under this award has vested and become exercisable, subject to Mr. Musk’s payment of the exercise price of $350.02 per share and the minimum five-year holding period generally applicable to any shares he acquires upon exercise.”

As of right now, Musk has option to purchase roughly around 1.7 million of Tesla shares ( NASDAQ: TSLA ) at $350.02 a share.

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Vincent Y

Vincent Y

EV believer... TSLA shareholder ... Tesla Model3, ModelY, Cybertruck and TeslaSolar owner. CEO & Co-founder of www.Tesmanian.com

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