Tesla Grants Elon Musk 96 Million Share Interim Award
Summary
Tesla's Board of Directors, following a recommendation from a Special Committee, approved an award of 96 million restricted stock shares to CEO Elon Musk on August 3, 2025. This "2025 CEO Interim Award" will vest on the second anniversary of its grant date. The shares will be issued after the Hart-Scott-Rodino Antitrust Improvements Act waiting periods conclude. This compensation aims to ensure continued CEO retention and incentivization.
Why It Matters
This significant equity award is a key move to retain and incentivize Elon Musk, directly impacting leadership stability and long-term strategic direction for Tesla. Investors should note the size and vesting schedule of this award.
Key Quote
“The 2025 CEO Interim Award will vest upon the second anniversary of August 3, 2025”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001318605
- Filing Date
- Monday, August 4, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive