Tesla decided on Monday to give CEO Elon Musk roughly $30 billion in restricted stock after the chief executive threatened to leave the electric vehicle maker if he did not receive more shares.
The company revealed the news in a regulatory filing, saying Musk must first pay Tesla $23.34 per share of restricted stock as it vests before getting the new award. The stock price is equal to the exercise price per share of Musk’s 2018 pay package, which was revoked by a Delaware judge.