Trump to receive bonus worth $1.2bn for Trump Media stock performance
by The Guardian
The Guardian— 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...
CNBC—Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus. 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.
Fast Company—Trump awarded another $1.8 billion worth of Trump Media stock. Former President Donald Trump has secured an additional $1.8 billion worth of shares in Trump Media, according to a regulatory filing this week. Based on the company’s stock hitting certain price benchmarks, Trump was awarded an additional 36 million shares in the company that owns his social media platform Truth Social. That brings his total ownership to more than 114 million shares, which based on Wednesday morning’s stock price, are worth $5.7 billion. For now, the value of those shares...