Benchmark "Musk-style" incentives! GameStop Corp. Class A (GME.US) announced CEO reward plan, full redemption requires market value to exceed one hundred billion US dollars.

GameStop Corp. Class A (GME.US) announced on Wednesday that the board of directors has approved a new long-term performance-based stock option reward for Chief Executive Officer Ryan Conn's, Inc. The reward does not provide any guaranteed compensation and will only be realized upon the achievement of aggressive market value and profit targets by the company. The grant includes options for 171,537,327 shares of GameStop Corp. Class A Class A stock, with an exercise price of $20.66 per share, divided into nine tranches. These options can only vest if the market value and cumulative performance EBITDA targets are met within the reward period. The milestones for the reward start at a market value of $20 billion and cumulative performance EBITDA of $2 billion, increasing incrementally by 10% with each level. To achieve full vesting, GameStop Corp. Class A's market value must reach $100 billion, and cumulative performance EBITDA must reach $10 billion. This directly ties Conn's, Inc.'s potential significant returns to the substantial long-term value created for shareholders. Currently, the market value of GameStop Corp. Class A is $9.3 billion. The company highlighted Conn's, Inc.'s role in improving GameStop Corp. Class A's balance sheet and operations since joining the board in 2021, and stated that the program is a "risk-based" incentive measure aimed at driving further transformation, rather than traditional wages, bonuses, or time-based equity vesting. The reward was approved by the board after consulting with an external compensation adviser. Shareholders will still need to vote on the stock option award at a special meeting expected to be held in March or April 2026, at which Conn's, Inc. will abstain from voting. Ryan Conn's, Inc. is known for co-founding online pet retailer Chewy (CHWY.US) in 2011, and expanding it to generate billions in revenue before selling it to PetSmart in 2017 for $3.5 billion. He later founded RC Ventures, invested in several struggling retailers and exerted influence, including the well-known GameStop Corp. Class A. Conn's, Inc. joined the GameStop Corp. Class A board in 2021, became chairman the same year, and was appointed CEO in 2023.