Nikola founder grants $6 million shares to early employees
Nikola Founder and Executive Chairman Trevor Milton gives 6,005,162 shares to Nikola employees.
Nikola Corporation recently announced that its Founder and Executive Chairman Trevor Milton gave out 6,005,162 shares as part of an option award made in December 2017 to Nikola employees.
“When we first started this company out of my basement our chances of success were pretty low,” said Nikola Founder and Executive Chairman Trevor Milton. “I promised those initial, daring employees that I would take care of them one day. Today, I make good on that promise and deliver over six million shares to the original employees who took the job and risked their careers on a long-shot idea. They earned it and have helped me become who I am today. I am forever grateful.”
Calculating for Nikola stock price, Milton essentially gave out a $233 Million dollar gift shared across to all long term employees. Nikola says that this did not cause any stock dilution as the shares were granted from Milton's existing holdings. Additionally, Milton was not paid by the company for the stock.
Pretty great boss eh?