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Technology Stocks : Nikola Corp
NKLA 10.46-1.9%Nov 26 4:00 PM EST

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From: kidl5/20/2021 10:52:48 AM
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CEO Mark Russell received stock awards valued at $159 million in 2020

Nikola Corp. disclosed Wednesday that it granted stock awards to executives in 2020 with a combined value of about $567 million, intended as an “incentive for future performance.”

The awards included $159.0 million worth of stock to Founder Trevor Milton, who shocked investors when he resigned as executive chairman in September 2020, as the electric truck maker faced regulatory probes amid short-seller claims that Milton made numerous false statements. However, the company said it had entered into a separation agreement which resulted in a modification of his time-based restricted stock units, and cancellation of all market-based performance restricted stock units.

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