Rivian is offering CEO RJ Scaringe up to $4.6 billion if he hits tough profit and stock price targets over ten years
The post Rivian is offering CEO RJ Scaringe up to $4.6 billion if he hits tough profit and stock price targets over ten years appeared on BitcoinEthereumNews.com.
Rivian said on Friday that its board approved a new pay package for CEO RJ Scaringe that could be worth $4.6 billion over the next ten years, according to Reuters. The plan links the payout to specific company performance targets and future share-price milestones, and its structure resembles the package that Tesla shareholders approved for Elon Musk, which was previously reported by Cryptopolitan. Rivian’s plan reportedly represents a push to keep Scaringe in place and focused while Rivian, known for its R1T pickup and R1S SUV, prepares to introduce its more affordable R2 SUV next year. The R2 is intended to compete directly with Tesla’s Model Y. Stock option structure tied to company performance Under the new package, Scaringe is receiving the right to purchase 36.5 million shares of Rivian Class A stock at $15.22 per share, which will be roughly 16 million shares more than his prior grant. The options will only vest if the stock price reaches several milestones between $40 and $140 per share over the next decade, according to the report. In addition, the plan requires specific operating income and cash flow achievements within a seven-year period. The previous pay plan, created in 2021, linked Rivian share price targets to $110 and up to $295 at the high end. The company canceled that plan because those milestones were unlikely to be met. The stock closed at $15.22 on Thursday. A spokesperson said, “The rigorous and challenging milestones associated with this option award are structured in such a way that ensures the options only vest should the company deliver significant value to our shareholders.” If the new package is fully vested, Scaringe could receive $4.6 billion, including the cost of exercising the options. Reuters estimated that shareholder value could expand by $153 billion if every milestone is…
Filed under: News - @ November 8, 2025 7:27 pm