Lucid Group Reports CFO Compensation Adjustments
Summary
On January 20, 2026, Lucid Group, Inc.'s Compensation and Human Capital Committee approved adjustments to Chief Financial Officer Taoufiq Boussaid's offer letter (via Ex. 10.1). These changes include extending his temporary housing subsidy to twelve months and increasing his annual stipend from $100,000 to $200,000. Additionally, Mr. Boussaid will receive certain repatriation benefits and two years of tax and immigration support, not exceeding $275,000, if his employment terminates due to an Involuntary Termination Without Cause.
Why It Matters
These adjustments to the CFO's compensation package, including an increased stipend and potential repatriation benefits, are material for investors as they reflect changes in executive remuneration and retention efforts.
These filing summaries are free and always will be. If this helped you spot material events, consider supporting us.
Want to see how LCID traded around this filing?
Check real-time charts and technical analysis on TradingView to see market reaction to this event.
View LCID Charts on TradingViewAffiliate link
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001811210
- Filing Date
- Friday, January 23, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral