ISS reported that administrators have acquired “outlier stages of pay out without a compelling rationale” and that there is no rationalization as to why the magnitude of possibility awards is “so significantly greater than director payment at peer firms.”
“Tesla’s non-worker administrators are extremely compensated as when compared to administrators at firms in the same GICS sector and index or certainly as when compared to administrators of even the major U.S. general public firms,” ISS reported.
“Directors Robyn Denholm and Hiromichi Mizuno acquired total payment of $5.seventy six million and $9.23 million, respectively, when outgoing director Antonio Gracias acquired payment of $one.19 million,” according to the report.
“In each scenario, the large bulk of this payment arrived in the kind of inventory possibility grants valued by the business at $5.sixty three million for Denholm, $9.21 million for Mizuno and $one.sixteen million for Gracias.”
