Nvidia has announced a one-off grant for its employees called the “Jensen special grant,” named after CEO Jensen Huang. The grant, which is worth 25% of the initial stock units given to employees upon joining the company, will be vesting over a four-year period, with the first portion beginning on September 18 and the remainder in equal quarterly installments. In addition to this grant, employees who were given stock options worth $200,000 in recent years which vest over four years will receive an additional $50,000 of RSUs.
The special grant is seen as a way to reward employees for their contributions to the company’s success, even in the event of potential stock price fluctuations in the future. Nvidia’s stock has seen impressive growth over the past year, increasing by more than 200%, making it one of the most valuable companies in the tech industry. The company’s success is largely attributed to its cutting-edge technology and strong financial performance, including revenue of $22.1 billion in the fourth quarter. Despite its recent success, Nvidia faces growing competition in the AI chips market, which caused a 5% dip in its stock price on Tuesday.
Nvidia’s annual performance-review cycle started on April 1 during which employees were informed about the special grant during appraisal meetings. The number of RSUs each employee will receive is based on Nvidia’s average stock price of $898.20 for the last 30 days ending March 29. The special grant is seen as a way to reward employees for their contributions to
