Tesla grants Elon Musk 96M restricted shares interim award at $23.34, 2-year vest

Tesla, Inc.

96 million restricted shares awarded to CEO Elon Musk; purchase price $23.34/share, subject to HSR approval.
Vesting after two years of continuous service; mandatory five-year holding period from grant date.
Award forfeited or reduced if Delaware courts fully reinstate the 2018 CEO Performance Award (no double dip).
Special Committee (Denholm, Wilson-Thompson) recommended; Board approved with Musk and Kimbal Musk recusing.
Illustrative accounting fair value ~$23.7B; no compensation expense currently expected to be recognized.

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