From Ndtv · · 1m
Jensen Huang Forfeits $108 Million In Unvested Nvidia Equity
Nvidia CEO Jensen Huang forfeits $108 million in unvested equity after stepping down.
In brief
Nvidia CEO Jensen Huang forfeits $108 million in unvested equity after stepping down. Nvidia CEO Jensen Huang forfeits $108 million in unvested equity compensation following his resignation. Originally reported by Ndtv.
Jensen Huang's Resignation
Jensen Huang stepped down as Nvidia CEO following revelations of two extramarital affairs.
“I'm A Piece Of Sh*t”
Equity Forfeiture Details
Huang forfeits about $108 million in unvested equity compensation after exiting Nvidia.
Equity Compensation Policy
Nvidia's policy states unvested restricted stock units are forfeited when executives terminate continuous service.
Huang's Wealth Composition
Huang holds about 3.5% voting stake in Nvidia, which makes up nearly 97% of his wealth.
Market Reaction
Nvidia shares dropped 14% before closing down 4.3% at $166.19, wiping $6 billion from Huang's net worth.
Wealth Context
Huang's net worth is $138.4 billion according to Bloomberg Billionaires Index, with $108 million being 0.08% of his wealth.
What it means
Nvidia CEO Jensen Huang forfeits $108 million in unvested equity compensation following his resignation.
