Faraday Future plans $500,000 share buyback tied to executive pay deferrals
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Faraday Future Announces Executive Share Purchase Initiative to Strengthen Long-Term Value, Act Against Potential Illegal Market Manipulation, and Further Align Interests with Stockholders
March 17, 2026 8:45 PM EDTSubject to Board approval, compliance with applicable securities laws and the Companys trading policies, the Company intends to purchase shares of its common stock in an amount approximately equal to the total value of executive and employee deferred compensation for the March through May period, which is about $500,000 on an after-tax basis. Repurchased shares would be transferred to participating executives and other employees as a settlement of the deferred compensation, increasing their equity ownership in the Company. This initiative reinforces a commitment to the Companys strategic execution, as well as demonstrates the... More
