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Trump to receive bonus worth $1.2bn for Trump Media stock performance
A price floor means ex-president gets bonus even though Trump Media & Technology Group’s stock value has plummetedFormer president Donald Trump qualified for a bonus worth $1.2bn after shares in his social media company remained above a certain value despite falling sharply.Trump is poised to receive 36m additional shares in Trump Media & Technology Group (TMTG), owner of his Truth Social platform, under an “earn-out” windfall which boosts the paper value of his stake in the business to about...
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Trump set to make $1.25B 'earnout' bonus as Trump Media stock hits benchmark
Trump, who owns a majority stake in Trump Media and Technology Group, is due to receive an additional 36 million shares of the company on Tuesday.
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DJT: Trump receives 36 million shares of Trump Media worth $1.8 billion as earnout bonus
The shares were part of a contractual "earnout bonus" that Trump's eponymous media company agreed to shortly before it went public in March.