Opendoor Technologies CEO Kaz Nejatian is working for a base salary of just $1 in cash while securing a $741 million accounting valuation in stock-based compensation, a milestone-driven package that mirrors Tesla's moonshot incentive structures. The $741 million figure reflects the upfront accounting value of an 82 million share package issued to draw Nejatian from Shopify. His wealth is entirely contingent on driving monumental shareholder return over the next five years, with the package scaling to over $2.6 billion if Opendoor's stock reaches $33 per share and potentially $6 billion at $82 per share. Shares of Opendoor have declined 26.59% year-to-date, closing at $4.28 on Monday.
Opendoor Technologies IncCEO's $741M stock-based pay package is contingent on stock performance, but no immediate operational impact; stock has declined YTD.
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