Rivian to Pay Executive Bonuses in Stock Instead of Cash
Electric pickup maker says equity bonus awards will vest immediately but won’t say when.
November 9, 2022
With its YoY free cash flow burn increasing 64.2% to $4.6 billion (Operating cash flow less CapEx) Rivian Automotive (RIVN) is no longer interested in paying bonuses in cash. In its latest quarterly filing, Rivian revealed it will pay bonuses in stock which:
“...will vest immediately upon grant in early 2023.”
DuDil has contacted Rivian to better understand the size of the bonus and on what date in early 2023 it will be paid. We’ll update investors when new information is developed.
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