GameStop Board of Directors Compensation – June 1st Update

tl;dr: The Board of Director's receive compensation based on the GameStop average price from the 30 trading days preceding the annual shareholder meeting (April 27th to June 8th). Based on the current-to-date average closing price of GME, director's will receive ~1,109 shares of GameStop stock as their annual compensation

In the 2021 proxy vote, director compensation is now 100% equity as described below:

"Commencing with the annual meeting, the Board has decided to reduce the amount and alter the structure of non-employee director compensation. Each non-employee director elected at the annual meeting will receive a restricted stock unit (RSU) award with respect to a number of shares determined by dividing $200,000 by the average closing price of our common stock for the 30 trading days immediately preceding the annual meeting. Such RSUs will vest upon the earlier of the next regularly scheduled annual meeting following the award date or the grantee’s death. One share of common stock will be distributed in respect of each vested RSU within 60 days following the relevant vesting date or event. Under this revised structure, no cash compensation will be paid to our non-employee directors. Messrs. Cohen and Sherman have declined to receive compensation as non-employee directors"

So the price over the next several trading days leading up to the annual shareholder meeting will determine how many GME shares the board of directors will receive as compensation.

30 Trading Days Prior to GameStop's Annual Share Holder Meeting

Based on the closing price of GameStop over the preceding 30 trading days (April 27th to June 8th), GameStop currently has an average share price of $180.18

$200,000 / $180.18 = 1,109 GME shares

tl;dr: The Board of Director's receive compensation based on the GameStop average price from the 30 trading days preceding the annual shareholder meeting (April 27th to June 8th). Based on the current-to-date average closing price of GME, director's will receive ~1,109 shares of GameStop stock as their annual compensation

References:

https://news.gamestop.com/static-files/8f795a88-54a3-4320-b3e2-a2d5f28be6c4

https://finance.yahoo.com/quote/GME/history/

submitted by /u/I_lost_the_GME
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