Tesla Inc. CEO Elon Musk gained more than 300 million shares of the EV giant\u2019s stock as part of his 2018 CEO Compensation Award, which takes his voting rights in Tesla to approximately 19.9%.<\/p>\n
Elon Musk Gains Tesla Shares <\/p>\n
In a Form 4 filing with the SEC on June 16, Musk exercised his stock options as part of the 2018 CEO award, gaining over 303,960,630 shares of the EV giant at $23.34\/share.<\/p>\n
The original agreement granted Musk 20,264,042 shares at $350.02\/share, but Tesla\u2019s stock split 5-for-1 in 2020 and then 3-for-1 in 2022, which adjusted Musk\u2019s grant down to 303,960,630 shares at $23.34\/share, the filing states.<\/p>\n
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However, Tesla withheld over 17.53 million shares as settlement for the transaction, with each share worth $404.66, according to the filing, worth close to $7.1 billion. \u201cThe transaction did not involve any open-market sales of securities,\u201d the SEC filing clarifies.<\/p>\n
The filing also states that the shares will vest in 2028 and Musk\u2019s net gain of new shares stands at over 286,428,773 shares of Tesla.<\/p>\n
The Form 4 filing states that Musk now owns over 727,704,534 shares, including 423,743,904 shares gained by Musk through the 2025 CEO award approved in November last year.<\/p>\n
However, Musk\u2019s 13G filing shows that the CEO owns 699,580,882 shares, which accounts for 19.9% voting power in the EV giant.<\/p>\n
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