GameStop is providing details on a compensation package for CEO Ryan Cohen that depends on him meeting certain performance targets.
FILE - 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 4% to $21.49 in midday trading, 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 This material may not be published, broadcast, rewritten or redistributed without permission.Comfort residents celebrate withdrawal of wastewater permit application for massive developmentDoors open at newest H-E-B in northwest Bexar County0:25The parents of Brianna Aguilera have filed a lawsuit against two nonprofit organizations.Attorney Nico LaHood breaks down response to Robb Elementary shooting from client's perspectiveHunt community faces ongoing communication, mail challenges months after catastrophic floodsHunt community faces ongoing communication, mail challenges months after catastrophic floods1:20Kerr County flood survivor faces uncertain future in temporary housingPolitical turmoil in Venezuela prompts concerns among US migrants about asylum, deportationSneak peek: Newest H-E-B in NW Bexar CountySan Antonio Zoo visitors say they still feel safe after Saturday evening stabbingAnimal cruelty case came to light after fireworks sparked car fire, Bexar County investigators sayAnimal cruelty case came to light after fireworks sparked car fire, Bexar County investigators sayPeople gather in San Antonio to protest US military action in VenezuelaParent says arrested Watts Elementary School educator assaulted studentsRobb Elementary victims’ families prepare for trial of former Uvalde CISD officerSan Antonio family warns against celebratory gunfire after 9-year-old son hit by stray bulletFinancial experts advise tackling holiday debt early as new year beginsHigh-profile court cases set to dominate 2026 in Bexar County, South TexasAttorney Nico LaHood speaks about Robb Elementary case involving client Adrian GonzalesTenants describe Universal City apartment as ‘uninhabitable,’ say there’s no heat, hot waterNew Texas laws going into effect on Jan. 1, 2026Social Security recipients get a 2.8% cost-of-living boost in 2026, average of $56 per monthSocial Security recipients get a 2.8% cost-of-living boost in 2026, average of $56 per month▶🎆Drone footage shows miles of fireworks going off in San Antonio during New Year's Eve celebrationsBody found at landscaping company during search for missing 19-year-old Camila Mendoza Olmos
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