AMC's "meme" stock soared into orbit. So did CEO Adam Aron's wealth.
CBSN
AMC Entertainment's wild stock ride could end up being wildly lucrative for CEO Adam Aron.
As of June 2, when the theater chain's shares closed at $62.55, the value of his stock-based compensation had soared from roughly $8 million at the beginning of the year to nearly $260 million, regulatory filings and calculations by corporate leadership data firm Equilar show. That amount consists of $47 million in common shares and $212 million in other awards, including restricted stock or options to buy shares that "vest" under specific conditions or on certain dates. AMC shares, which traded at more than $58 Monday, have surged more than 2,500% this year. The company lost $4.6 billion in 2020 and is on pace to lose more than $1 billion this year, according to analysts.More Related News
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