"Nvidia's Special Jensen Grant: Boosting Employee Stock Awards for Riches"
TL;DR
Nvidia is boosting its employees' compensation with a "Jensen special grant," named after CEO Jensen Huang, which adds 25% to their initial stock awards. This one-off grant is in addition to annual equity refreshers and is aimed at ensuring employees benefit even if the share price falls. The grant, based on Nvidia's stock price, will vest over a four-year period, with some recent hires set to receive an extra $50,000 of restricted stock units. Nvidia's stock has soared over the past year, but faced a 5% dip as competition in the AI chips market intensifies.
Topics:businessbusinesstechnology#businesstechnology#compensation#jensen-huang#nvidia#rsus#stock-awards
- Nvidia employees get richer with 'special Jensen grant' stock boost Business Insider
- All aboard the Nvidia 'rocket ship': Executives are raking in company stock awards despite missing out on their bonuses for 2023 Yahoo Finance
- Nvidia gives employees 25% stock boost named after CEO Jensen Huang Quartz
- How Nvidia employees are becoming richer with this special CEO grant The Times of India
- Nvidia employees are getting richer with a 'special Jensen grant' that boosts their stock awards by 25% Business Insider India
Want the full story? Read the original reporting
Read on Business Insider