09:29 AM EDT, 04/23/2024 (MT Newswires) -- Trump Media & Technology Group's ( DJT ) majority owner Donald Trump is set for a windfall payout, assuming the stock doesn't lose more than half its value by the end of trading on Tuesday.
According to Securities and Exchange Commission filings, Trump will receive an additional 36 million shares if the average price of the stock weighted by volume equals or exceeds $17.50 per share for 20 out of any 30 trading days beginning March 25. Tuesday is the 20th trading day since March 25, during which time the stock's price has remained above $17.50.
Shares of Trump Media & Technology ( DJT ) are currently trading at $35.80 during Tuesday's premarket session. At that price, Trump's payout would be worth just under $1.29 billion.