"Nvidia's Special Jensen Grant: Boosting Employee Stock Awards for Riches"
TL;DR Summary
Nvidia is boosting its employees' compensation with a "Jensen special grant," named after CEO Jensen Huang, which adds 25% to their initial stock awards. This one-off grant is in addition to annual equity refreshers and is aimed at ensuring employees benefit even if the share price falls. The grant, based on Nvidia's stock price, will vest over a four-year period, with some recent hires set to receive an extra $50,000 of restricted stock units. Nvidia's stock has soared over the past year, but faced a 5% dip as competition in the AI chips market intensifies.
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