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...However, the move also meant share awards then became subject to income tax....
...Chief operating officer Jennifer Wong also has performance-related awards that are still linked to Reddit attaining a $25bn market value....
...The insiders mostly spoke on condition of anonymity for fear of retaliation by the company, which can claw back bonuses and stock awards if staffers breach non-disparagement rules, according to documents...
...The book, which has sold millions of copies around the world, been translated into multiple languages and won the 2015 Hugo Award, tells the story of humanity’s first contact with a highly advanced alien...
...Further evidence comes from the likes of Stash of the US, which has made 62mn stock awards to shoppers at eligible brands since launching its stock-back debit card....
...the carmaker’s stock instead of a cash award....
...Over the years, the ride-hailing and food delivery company has handed out generous equity awards to employees, inflating the total share count....
...Attorneys for shareholders who defeated the original pay package in the Delaware court had asked for a multibillion-dollar share award as payment....
...The award, set before Uber’s 2019 stock market flotation, had looked unlikely to be met for most of its life as a public company as it struggled with persistent losses that ran into the tens of billions...
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...Shareholders will vote on the move and whether to reaffirm his share award at its annual meeting in June. Additional reporting by Richard Waters...
...The share award is now valued at $45bn rather than $56bn due to a sharp drop in Tesla’s share price....
...From a December press release: Liberty Media Corporation (“Liberty Media” or “Liberty”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) and Sirius XM Holdings Inc....
...If the 2018 award is forfeited, more than half of his stock in the carmaker would be tied up as collateral. Another issue is control....
...He also received an estimated $193mn pay package last year, mostly made up of equity awards, according to filings....
...Lawyer fee awards have become a hot topic in courts in Delaware, where more than 300 S&P 500 companies are incorporated....
...Musk was furious about a judgment by Kathaleen McCormick, the court’s most senior judge, rescinding his 2018 award of options over 12 per cent of Tesla’s equity....
...Netflix has been working to improve its ability to livestream, which could allow it to show a broader range of programming, from live news and awards ceremonies to stand-up comedy as well as sports....
...He is also set to receive additional equity awards as a result of the listing valuing the company at more than $5bn. The restricted stock units could be worth about $21mn....
...The package included $1.5mn in base salary, a $7.9mn cash bonus, $5mn in deferred equity and a $13.2mn long-term incentive award....
...Share awards that employees received instead of cash bonuses become eligible for sale one year after they have vested, according to the documents....
...The 2023 award will also be supported by media group Nikkei, owner of the FT....
...Some Tesla shareholders sued, arguing that the award was excessive and had been pushed through by Musk....
...“There is something different about this moment,” says Damon Hart, chief legal officer at Boston-based insurer Liberty Mutual, winner of the 2023 FT innovative in-house legal team award for North America...
...But Bloys stayed on and has continued to churn out award-winning shows for the prestige television channel....
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