secwatch.observer — SEC 8-K summary
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Issuer:     Tesla, Inc. (TSLA)
CIK:        0001318605
Form:       8-K
Filed at:   2025-08-04T23:59:59+00:00
Accession:  0001104659-25-073263
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318605/000110465925073263/0001104659-25-073263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318605/000110465925073263/tm2522385d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-073263

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer