Donald Trump is set to receive 36 million shares of his media company via an earnout bonus. The additional shares will, at current prices, net him nearly $1.3 billion.
The incentive was part of the deal with the former president when Trump Media & Technology Group executives took the company public in March.
According to CBS News , for Trump to obtain the shares, $DJT had to trade at or above $17.50 per share for 20 days within a 30-day period. Tuesday marks the twentieth day, and while the price has dipped slightly since yesterday, it is still well above that threshold.
Although it is almost certain that Trump will receive the bonus, he and other executives are barred from selling their shares for another five months or so, meaning he will not be able to immediately cash out.The former president already owns 78 million shares, which is roughly 57 percent of […]
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