“Special Allowance” from NVIDIA Boss to Employees

Technology giant NVIDIA decided to support its employees after the recent big breakthrough. Employees, CEO of the company From Jensen Huang With the so-called “Jensen special allowance”, employees will be given 25% more restricted stock shares. Huang’s right now $75 billion He has a fortune and ranks 20th on the list of the richest people.

With this special allowance, employees are given the bonus when they first join the company. restricted stock shares One-quarter of new shares will be distributed. The 2.1 trillion dollar company decided to provide such support to its employees after the quarter-end evaluation that started on April 1.

Shares will be delivered in four years

The number of shares to be distributed is the average share price of the company in March. $898.20 was determined via . These shares will begin to be distributed as of September 18. The shares will remain restricted for four years, starting from that date. monthly in installments of 6.25% it will be delivered. Those who recently joined the company were given 200 thousand dollars worth of shares, but this amount seems likely to double in four years. These employees will now receive an additional $50,000 in shares.

Particularly benefiting from developments in the field of productive artificial intelligence NVIDIAWith the rise it achieved in the last 12 months, it became the third most valuable brand after Apple and Microsoft. NVIDIA’s last quarter profit was announced as 22.1 billion dollars.

Restricted Stock Share: These are shares that cannot be used before a certain date but are individually reserved.