Economy Trump gifts DJT shares worth $780,000 to FBI pick Kash Patel, Education secretary pick Linda McMahon, and Trump Jr.

[HOLA]

https://www.cnbc.com/2025/01/31/trump-media-djt-stock-shares-kash-patel.html

Trump Media this week gifted thousands of shares of company stock to President Donald Trump’s nominee for FBI director, Kash Patel, to Trump’s eldest son and to four other board members, new regulatory filings show.

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 Media directors, the filings Thursday reveal.

Three other directors — former U.S. trade representative Robert Lighthizer, Eric Swider and Kyle Green — received the same number of DJT shares at no cost, according to Securities and Exchange Commission filings.

The filings said the awards were granted Tuesday. Trump Media that day closed trading at $30.04 per share.

At that price, the shares have a paper value of more than $779,400...

The filings said the stock was granted “as consideration for services provided” between late March — when Trump Media went public after completing a merger with a blank-check company — and Dec. 25....

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.

 

[KaNesDeath]

Because Meta just bribed Trump.

 

[LeonardoBjj]

- Meritocracy

 

[LeonardoBjj]

- Meritocracy

 

[Kingz]

Charitable

 

[HOLA]

At least the corruption is out in the open, I guess. Trump has promised to be transparent, after all.

 

[HOLA]

Charitable

Yeah, he's a real philanthropist. Too bad the deep state shut down his charity.

I'm sure he'll get around to paying all the workers and contractors he still owes money too, any day now.

 

[JonnyBonesPharmacist]

 

[deviake]

At least it's out in the open I guess? Lol.

Carlin describes the Trump phenomena. Just sub Clinton for Trump, 1:1 perfect.

 

[nixkid]

Little quid pro quo to buy loyalty and get them in on the grift of pumping his stock. Kill two birds with one stone. He really is the greatest kleptocrat of our time.

 

[nostradumbass]

If you're going to post a fake title, probably don't also include a link that says what actually happened. Trump didn't "gift" them anything and couldn't if he wanted to. He isn't the CEO, isn't on the board, and his own shares are in a trust.

 

[ermac88]

https://www.cnbc.com/2025/01/31/trump-media-djt-stock-shares-kash-patel.html

Trump Media this week gifted thousands of shares of company stock to President Donald Trump’s nominee for FBI director, Kash Patel, to Trump’s eldest son and to four other board members, new regulatory filings show.

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 Media directors, the filings Thursday reveal.

Three other directors — former U.S. trade representative Robert Lighthizer, Eric Swider and Kyle Green — received the same number of DJT shares at no cost, according to Securities and Exchange Commission filings.

The filings said the awards were granted Tuesday. Trump Media that day closed trading at $30.04 per share.

At that price, the shares have a paper value of more than $779,400...

The filings said the stock was granted “as consideration for services provided” between late March — when Trump Media went public after completing a merger with a blank-check company — and Dec. 25....

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.

draining the swamp

nothing corrupt here

 

[CantCucktheTuck]

Spreading Reddit fake news, fighting the good fight.