Elon Musk testified in a defamation lawsuit that "people think I have a lot of cash. I actually don't," despite an estimated $26.5 billion net worth...
People think I have a lot of cash. I actually don't.
While the SEC requires a certain calculation, such as using the grant-date fair value of unvested equity awards granted, this often doesn't reflect what the executive actually receives once stock awards are vested or options are exercised.
However, it's also pretty common for companies to provide alternative calculations, such as the value of vested stock awards and exercised options, because they think this provides a better picture into what a CEO really makes.
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