Trump Media grants large amounts of stock to directors, including two who are Trump administration nominees

Trump Media & Technology Group this week gave its directors blocks of shares currently worth just over $825,000 – including to Kash Patel and Linda McMahon, two of President Donald Trump’s key nominees to serve in his administration.

Trump Media & Technology Group this week gave its directors blocks of shares currently worth just over $825,000 – including to Kash Patel and Linda McMahon, two of President Donald Trump’s key nominees to serve in his administration. As part of a stock grant to members of its board, the Truth Social owner on Tuesday issued nearly 26,000 shares each to its six directors: Patel, McMahon, former US Trade Representative Robert Lighthizer, Eric Swider, Kyle Green and Donald Trump Jr, according to filings with the Securities and Exchange Commission disclosed Thursday. Patel has been tapped for FBI director and McMahon for Department of Education secretary; both are awaiting formal confirmation. Many critics of President Trump say that his complex web of financial stakes in various properties, cryptocurrencies and his social media company could allow him to profit off his presidency and improperly curry favor with business partners who also serve his government. Trump has taken at least one step to avoid a conflict of interest: He announced in December that he transferred his dominant stake in Trump Media to a revocable trust of which the president’s eldest son is the sole beneficiary and Trump Jr. is the sole trustee, according to regulatory filings. He does not vote on company or board decisions. It’s common for company board members to be awarded shares, and there is no evidence whatsoever that these grants were anything other than typical stock awards to board members. However, the financial relationships that potential high-profile Trump government leaders have with Trump Media – a company built on the president’s brand and a business in which the president is the effectively dominant shareholder – could add to conflict of interest concerns that have already surrounded the company and the second Trump administration. The filings state that they received the shares “as consideration for services provided” starting when the company went public in March 2024.