California-based global shared intelligent electric mobility ecosystem company, Faraday Future Intelligent Electric (NASDAQ:FFIE) said that few its senior executives and members of management have voluntarily entered into a salary deduction and stock purchase agreement.
These senior executives and members of management have committed to utilize 50% of their salary over a three-month period to purchase shares from the company to further demonstrate their belief and support in the business. Shares will be locked-up for a minimum of 180 days from issue date.
“Throughout its history, Faraday Future has been deeply committed to its employees, users, and its vision for a sustainable transportation future. Executives agreeing to invest part of their compensation in exchange for additional ownership shows a deep alignment of interest with stockholders,” said Matthias Aydt.
The stock price has increased 5.4% during the early hours of trading on Friday.
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