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Rivian CEO RJ Scaringe Granted $4.6B Performance-Based Stock Award Amid AI and EV Push

Rivian CEO RJ Scaringe Granted $4.6B Performance-Based Stock Award Amid AI and EV Push

Author:

Global Cryptocurrency

Published:

2025-11-08 00:00:03

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BTCCSquare news:

Rivian Automotive has restructured CEO RJ Scaringe's compensation package, awarding a performance-based stock grant potentially worth $4.6 billion. The MOVE coincides with the company's aggressive expansion into AI-powered robotics and electric vehicle development.

Scaringe's base salary doubled to $2 million annually, and he secured a 10% stake in Rivian's new AI venture, Mind Robotics. The package includes options for 36.5 million shares at $15.22 each, vesting upon achieving ambitious stock price targets between $40-$140 and operational milestones over the next decade.

This revised compensation replaces a 2021 award tied to unrealistic $295 share price targets. The restructure aims to align incentives with achievable growth metrics as Rivian prepares to launch its more affordable R2 SUV model.

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