Lucid CEO Got Half of $566 Million Award Before Shares Fell 67%
- Peter Rawlinson gets $263 million in performance-based stock
- Electric carmaker’s shares have tumbled since November peak
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A short-lived surge in Lucid Group Inc.’s share price last year allowed Chief Executive Officer Peter Rawlinson to collect more than $260 million in performance-based awards.
Shares of the electric carmarker, founded in 2007, have since plunged by two-thirds as it wrestles with supply chain issues while attempting to scale up production.