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Didn't Musk sell a billion dollars worth of stock a few days before this recall was announced?
by nope96 5y ago
Didn't Musk sell a billion dollars worth of stock a few days before this recall was announced?
- pedalpete 5y ago1) He announced the sales would happen months ago. 2) He had (I believe) stated the sales were to cover tax costs in California 3) He is still net increased his number of shares over the last year due to his compensation package.
- ViViDboarder 5y agoDoes his increase in number of shares actually mean anything? I assume that, like most stock compensation, these shares are newly issued shares, diluting the value of existing shares. That would mean he still has a lower stake, regardless of number of shares, no? I may be misunderstanding something.
- wumpus 5y agoThe dilution happened when the options pool was expanded years ago.
- cududa 5y agoNo, they’re options that were already issued and reserved in a pool. The shares would’ve been released to the market (or whatever mechanism Tesla has in place for unrealized options - many times that means the company buys them) if he didn’t exercise
- ViViDboarder 5y agoAh. Didn’t realize he is being granted options and not shares. That makes sense.
- shostack 5y agoIs it illegal to schedule the transactions months in advance, but then intentionally (but with plausible deniability) slow the release of damaging news like this till after the transaction completed?