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A comment on Elon Musk's $56B Pay Package at Tesla Approved In Shareholder Vote.

Re:Elon Musk's $56B Pay Package at Tesla Approved In Shareho... by crtified on Thursday June 13, 2024 @05:38PM (#40675091)
Is that a per-year pay package? Or does it cover a number of years?

Honest question. As that fairly basic parameter does not seem to be included in the main media articles linked. And I'm not-at-all familiar with corporate practices.

[ Parent | on HN ]
Re:Elon Musk's $56B Pay Package at Tesla Approved In Shareho... by Uzza on Thursday June 13, 2024 @08:19PM (#40676321)
It's a one-time performance based compensation package split into multiple tranches, with options worth 1% of stock being provided as payment for each one, with up to 12 in total.
[ Parent | on HN ]