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Lucid Group (LCID) Announces $6M Cash Bonus to CEO

February 15, 2024 5:21 PM

Lucid Group (NASDAQ: LCID) unveiled the Lucid Gravity, a luxury sport utility vehicle, to the public at the Los Angeles Auto Show in November 2023, which marked a major technical, commercial, and design milestone achievement for the Company. On February 9, 2024, the Compensation and Human Capital Committee of the Board of Directors of the Company (the “Board”) recommended and the Board approved payment of a cash bonus to the Company’s Chief Executive Officer and Chief Technology Officer, Peter Rawlinson, in the amount of $6,000,000, in recognition of his significant contributions to this milestone achievement.

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