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Re: mutjin post# 6885

Sunday, 03/30/2014 4:10:58 PM

Sunday, March 30, 2014 4:10:58 PM

Post# of 63559
Musk also takes a 1$ per year salary at Tesla but his multi million dollar stock based pay more than make up for the small salaries he takes. I agree 100% that Nelsons salary and bonus is too steep for an R&D focused company but his 4 million share bonus barely covers the taxes he owes (4 mil at ~.08= 320K). Add his 270k salary and he has a total compensation of 590k of which a quarter million or so will go to taxes.

(on a similar note)

To date Nelson hasn't sold enough of his shares to cover uncle sams cut. Sunworks execs will also need to sell shares to pay uncle sam and will most likely do this in the fourth quarter. If Nelson waited until the fourth quarter to sell along with the Sunworks execs that would mean major dilution in the fourth quarter.