Date: October 27th, 2025 11:09 AM
Author: Nazca Redlines
Page A-27 here has the award structure: https://www.sec.gov/Archives/edgar/data/1318605/000110465925087598/tm252289-4_pre14a.htm
It's ludicrous, but not as ludicrous as the headline makes it sound.
The award is, they'll give him 1% of the company's stock if/when, in the next 10 years, the company's market cap hits $2T, then anohter 1% for every $500B after that, up to $6.5T, then another 1% for for every $1T in market cap growth up to $8.5T.
So, he only gets the full 12%/$1T if the market cap of the company hits $8.5T in the next 10 years.
(http://www.autoadmit.com/thread.php?thread_id=5790357&forum_id=2id.#49378558)