Overview
- GameStop’s board proposed options on roughly 171.5 million shares at $20.66 for Cohen with no salary, cash bonuses, or time‑vested stock.
- Vesting spans nine milestones, starting at about a $20 billion market cap and $2 billion in cumulative EBITDA and topping out at $100 billion and $10 billion, respectively.
- The company said EBITDA performance will be tracked beginning in Q1 2026, and Cohen will recuse himself from the shareholder vote.
- GameStop shares ticked higher after the filing, and coverage drew comparisons to Elon Musk’s Tesla compensation structure.
- The plan arrives as the retailer accelerates store closures, with employees reporting some shutdowns were communicated with little notice.