Headlines

GameStop (GME) announced it has granted a performance-based stock option award to Chair and CEO Cohen

Newsquawk Staff · Newswires ·

  • The award is designed to incentivise Cohen to achieve "extraordinary" growth.     
  • In order for the award to fully vest, the Company’s market capitalization would have to grow to USD 100bln and it would need to achieve USD 10bln  Cumulative Performance EBITDA 

What it means

GameStop's grant of a performance-based stock option to CEO Cohen signals a significant commitment to driving extraordinary growth, but it sets ambitious targets. The requirement to reach a USD 100 billion market cap and USD 10 billion in cumulative performance EBITDA indicates the company is aiming for a dramatic turnaround, which could impact investor sentiment and expectations around future performance.

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