{"id":735,"date":"2025-08-04T11:56:09","date_gmt":"2025-08-04T11:56:09","guid":{"rendered":"https:\/\/www.sterlingcooper.info\/blog\/?p=735"},"modified":"2025-08-04T11:56:09","modified_gmt":"2025-08-04T11:56:09","slug":"musk-gets-29-billion-in-restricted-stock-finally","status":"publish","type":"post","link":"https:\/\/www.sterlingcooper.info\/blog\/musk-gets-29-billion-in-restricted-stock-finally\/","title":{"rendered":"MUSK GETS $29 BILLION IN RESTRICTED STOCK FINALLY!"},"content":{"rendered":"
\n
\n

\"\"Tesla awards CEO Musk millions in shares valued at about $29 billion<\/h1>\n<\/div>\n<\/div>\n
\n

Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package.<\/p>\n

The electric vehicle maker said in a regulatory filing on Monday that Musk must first pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 pay package that was awarded to the company\u2019s CEO.<\/p>\n

In December Delaware Chancellor Kathaleen St. Jude McCormick reaffirmed<\/a><\/span> her earlier ruling that Tesla must revoke Musk\u2019s multibillion-dollar pay package. She found that Musk engineered the landmark pay package in sham negotiations<\/a><\/span> with directors who were not independent.<\/p>\n

At the time McCormick also rejected an equally unprecedented and massive fee request by plaintiff attorneys<\/a><\/span>, who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion. The judge said the attorneys were entitled to a fee award of $345 million.<\/p>\n

\n
<\/div>\n<\/div>\n

The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk\u2019s 2018 compensation package.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Tesla awards CEO Musk millions in shares valued at about $29 billion Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package. The electric vehicle maker said in a regulatory filing on Monday […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-735","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/comments?post=735"}],"version-history":[{"count":1,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/735\/revisions"}],"predecessor-version":[{"id":737,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/735\/revisions\/737"}],"wp:attachment":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/media?parent=735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/categories?post=735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/tags?post=735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}