ChainCatcher reported that, according to a new document filed with the U.S. Securities and Exchange Commission (SEC), Elon Musk has exercised all rights under his 2018 Tesla CEO compensation package. The filing states that Musk received 304 million Tesla shares through the package, with a book gain of approximately $116 billion, or about RMB 780 billion.
Shares Remain Locked Until 2028
The shares disclosed in the filing are not available for immediate sale. According to the document, the stock will remain locked until 2028. Before the end of that lockup period, Musk cannot sell these shares; once 2028 arrives, he will be able to sell the relevant stock.
The disclosure centers on the execution of Musk’s 2018 Tesla CEO pay plan. The key details are that he has exercised all related rights, received 304 million shares, recorded a book gain of about $116 billion, and remains subject to a stock lockup arrangement that runs through 2028.