President Donald Trump's allies, including his pick for FBI director Kash Patel, son Donald Trump Jr., and education secretary nominee Linda McMahon, have been awarded shares in Trump Media & Technology Group. The disclosures come amidst criticism of the president's financial entanglements and potential conflicts of interest for his administration members.
Shares were awarded to President Donald Trump's pick for FBI director, Kash Patel, Donald Trump Jr. Education secretary nominee Linda McMahon, former U.S. trade representative Robert Lighthizer, and two other directors.
The disclosures come as critics say the president's financial entanglements and recent business ventures pose conflicts of interest for members of his administration.The company awarded 25,946 stock shares each to Patel, Donald Trump Jr. and the president's pick for Education secretary, Linda McMahon, who all serve as Trump MediaAt that price, the shares have a paper value of more than $779,400. But most of the stock awarded has restrictions on what it can be sold.
The new SEC filings said that the shares awarded Tuesday to the six board members are restricted stock units that will vest in installments.Twenty-five percent of the awarded RSUs — about 6,487 shares per director — immediately vested, meaning they can be sold at any time. The paper value of those shares was nearly $195,000 as of Tuesday's closing trade.
The remaining 75% of the RSUs will vest in nine quarterly installments over two years beginning March 25.California Wildfires
TRUMP MEDIA STOCK AWARDS CONFLICTS OF INTEREST BOARD MEMBERS FINANCE
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