Odaily reported that, according to a new filing with the U.S. Securities and Exchange Commission, Elon Musk has exercised all rights under his 2018 Tesla CEO compensation plan. The filing shows that Musk received 304 million shares, generating a book gain of approximately $116 billion, equivalent to about RMB 7.8 trillion.
The share award is not immediately available for sale. The shares will remain locked until 2028, and Musk will only be able to sell them after that lock-up period ends. The filing therefore centers on both the scale of the equity award and the restriction attached to it.
The report, cited by CLS, highlights three main details: the compensation arrangement comes from Tesla’s 2018 CEO plan; Musk has exercised all related rights and received 304 million shares; and the book gain is estimated at around $116 billion, while the shares remain subject to a lock-up period until 2028.