Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus
by CNBC
CNBC— Former President Donald Trump is already the majority shareholder in Trump Media, which trades under the ticker DJT.
CNBC—DJT: Trump receives 36 million shares of Trump Media worth $1.8 billion as earnout bonus. The shares were part of a contractual "earnout bonus" that Trump's eponymous media company agreed to shortly before it went public in March.
The Guardian—Trump to receive bonus worth $1.2bn for Trump Media stock performance. A price floor means ex-president gets bonus even though Trump Media & Technology Group’s stock value has plummetedFormer president Donald Trump qualified for a bonus worth $1.2bn after shares in his social media company remained above a certain value despite falling sharply.Trump is poised to receive 36m additional shares in Trump Media & Technology Group (TMTG), owner of his Truth Social platform, under an “earn-out” windfall which boosts the paper value of his stake in the business to about...
New York Post—Trump set to make $1.25B 'earnout' bonus as Trump Media stock hits benchmark. Trump, who owns a majority stake in Trump Media and Technology Group, is due to receive an additional 36 million shares of the company on Tuesday.