GameStop is providing details on a compensation package for CEO Ryan Cohen that depends on him meeting certain performance targets.
Michelle ChapmanFILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. GameStop is providing details on a new compensation package for CEO Ryan Cohen that is dependent on him meeting certain “significant” performance targets.
The video game retailer said in a regulatory filing on Wednesday that Cohen would have to grow its market capitalization to $100 billion and it would need to hit $10 billion in cumulative performance EBITDA — or earnings before interest, taxes, depreciation and amortization — for his award to fully vest.said Cohen won't receive any guaranteed pay, which it defines as no salary, no cash bonuses, and no stock that simply vests over time. “His compensation is entirely ‘at-risk,’ meaning he will only be paid if the company achieves significant market and operational goals,” GameStop said in the filing. “This structure ensures that Mr. Cohen’s incentives are directly aligned with creating long-term value for GameStop’s stockholders.”approved for CEO Elon Musk, in which Musk would receive Tesla stock worth $1 trillion if he hits certain performance targets over the next decade. Cohen's compensation package with GameStop includes stock options to buy more than 171.5 million common shares for $20.66 each. Shareholders must approve the new pay package at a special meeting in March or April. Shares of GameStop rose more than 4% to $21.60 before the market open, giving the company a market cap of roughly $9.26 billion. The company's shares are down substantially from May 2024 when influential investor Keith Gill, popularly known asappeared online for the first time in three years to declare his support for GameStop. Gill helped ignite a “meme” stock craze in early 2021, when GameStop’s stock price soared above $120. Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Duval County School Board adds Schools of Hope to legislative agenda amid parent concerns0:51Raines Vikings celebrated at DCPS school board meetingWestside apartment complex again under scrutiny as residents report squatters, safety concerns2 separate police-involved shootings leave one man dead, one injuredStart your new year off right with these events from Jan. 9 - 11Start 2026 with purpose: Volunteer for United Way Northeast Florida’s MLK Day of ServiceMan killed in officer-involved shooting in Bartram Park areaCommunity rallies behind Middleburg teacher after she lost a decade of work in a fireMeet the man behind Trevor Lawrence’s viral gifted grillz after game winLight Weight: Jaguars fan goes viral after squatting Trevor Lawrence at local barRichard's Swing Makeover: Final assembly & first swing test!Northeast Florida agencies, advocates, survivors work to expose, stop human traffickingDeSantis on Maduro's capturePresident Donald Trump says the US will 'run' Venezuela, announces capture of Maduro and his wifePresident Donald Trump says the US will 'run' Venezuela, announces capture of Maduro and his wifeNavy sailors accused of getting paid thousands to marry Chinese nationals who wanted legal status▶Start 2026 With Purpose: Volunteer on MLK Day of Service With United Way Northeast FloridaBracing for weekend storms
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GameStop details CEO's compensation package which doesn't include any guaranteed payGameStop is providing details on a compensation package for CEO Ryan Cohen that depends on him meeting certain performance targets. The video game retailer said in a regulatory filing on Wednesday that Cohen would have to grow GameStop's market capitalization to $100 billion, among other targets.
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