Tesla skips merit-based stock awards this year
Financial Express Mumbai|December 21, 2023
TESLA MANAGERS TOLD some salaried employees the company isn't offering merit-based equity awards this year. The company didn't give a reason for the change but four employees from different departments told Bloomberg they believe the move was widespread.
DANA HULL D
Tesla skips merit-based stock awards this year

LIKELY SHIFT IN COMPENSATION PHILOSOPHY

Workers still got modest cost-ofliving increases and adjustments to their base salaries.

During annual performance reviews, employees usually get salary adjustments as well as meritbased stock grants on top of their existing equity.

But this year, even high performers didn't get the merit-based grants, the employees said. Some Tesla employees who reached the end of their four-year vesting cycle were still given stock "refreshers," in order to keep their total compensation competitive.

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