Tesla Directors Receives Court Approval For Settlement In Excess Pay Case

Quick Summary:

What Happened: As per the terms of the settlement, Tesla board members will return roughly $277 million in cash and $459 million in stock options to the carmaker.

Tesla Inc.(NASDAQ:TSLA) directors including Chair Robyn Denholm have reportedly gotten court approval for a settlement to resolve allegations that they overpaid themselves.

They will also forgo stock options for the 2021-2023 period worth $184 million, Reuters reported.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United States

Topics: Benzinga News TSLA Tech Robyn Denholm US88160R1014 Electric vehicles EVs Mobility James Murdoch

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 11:48:01 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 333 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24997860

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