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Rivian CEO Scaringe Receives $4.6 Billion Incentive Package

11/8/2025

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Summary

Story summary

Rivian awarded CEO RJ Scaringe a performance-based package worth $4.6 billion over a decade, including 36.5 million stock options tied to milestones.
Scaringe's base salary will double to $2 million under the plan.
The package replaces a previous plan deemed unlikely to be met as Rivian aims to retain leadership for R2 SUV.
The move mirrors Tesla's package for Elon Musk, with Rivian's shares closing at $15.22 and milestones being met.

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Story summary

Rivian awarded CEO RJ Scaringe a performance-based package worth $4.6 billion over a decade, including 36.5 million stock options tied to milestones.
Scaringe's base salary will double to $2 million under the plan.
The package replaces a previous plan deemed unlikely to be met as Rivian aims to retain leadership for R2 SUV.
The move mirrors Tesla's package for Elon Musk, with Rivian's shares closing at $15.22 and milestones being met.