Nvidia employees get richer with stock boost named after CEO Jensen Huang

Nvidia employees get richer with stock boost named after CEO Jensen HuangNvidia employees get richer with stock boost named after CEO Jensen Huang
via Yahoo Finance (left), The Wall Street Journal (right)
Ryan General
April 15, 2024
Chipmaker Nvidia is giving a significant stock boost to its employees to share its massive success.
Key points:
  • Under the “Jensen Special Grant,” Nvidia employees receive an additional 25% of their initial stock grant, reported Business Insider.
  • Named after CEO Jensen Huang, the grant is given on top of employees’ regular performance-based equity refreshers.
  • The move could be intended to retain employees even if Nvidia’s stock price eventually falls.
The details:
  • Nvidia has become a leader in the artificial intelligence (AI) chip market, seeing its stock price soar by more than 200% over the past 12 months.
  • The grant vests in equal installments over four years, with the first portion vesting on Sept. 18.
  • The number of shares granted is linked to Nvidia’s March 2023 share price (around $898). Under the one-time grant, employees with stock options worth $200,000 will get an additional $50,000 in restricted stock units.
  • Sources suggest Nvidia aims to reward employees even if the stock price dips as competition in the AI space ramps up.
Tangent:
  • Nvidia CEO Jensen Huang is one of the world’s wealthiest people, with a net worth of approximately $78.1 billion.
  • With its current market value of $2.2 trillion, Nvidia trails only Microsoft ($3.14 trillion) and Apple ($2.71 trillion).
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