Jensen Huang to forfeit $108 million in unvested Nvidia shares after exit: Report
Jensen Huang will lose $108 million in unvested Nvidia shares following his departure.
Nvidia co-founder Jensen Huang is set to forfeit around $108 million in unvested shares as part of the company's executive compensation policy following his departure. This forfeiture represents a mere 0.07% of his estimated $144.5 billion net worth, according to Bloomberg Billionaires Index. Huang's exit from the Santa Clara, California-based chipmaker was prompted by revelations of two extramarital affairs.
Under Nvidia's policy, executives lose their unvested restricted stock units (RSUs) when their tenure with the company ends. Huang holds about 346,000 unvested units and could potentially receive around 310,000 shares through Nvidia's equity incentive plan, contingent on meeting specific performance targets. The forfeiture aligns with the company's rules on executive compensation, rather than a separate financial penalty.
Notably, Huang's wealth is primarily derived from his ownership of Nvidia shares, accounting for nearly 97% of his estimated fortune. However, his net worth took a significant hit following Nvidia's stock price drop of up to 14% in New York trading, resulting in a loss of approximately $7.4 billion.
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