Lucid, Rivian showers CEOs with $400M in 2021 pay packages
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EV startups, Lucid (NASDAQ:LCID) and Rivian Automotive (NASDAQ:RIVN) chief executives have received pay packages at $400M+ in the past year.
Amid its race to the public markets, equity comprised of ~$566M in compensation for Lucid CEO Peter Rawlinson and $422M for Rivian chief RJ Scaring.

However these equity compensations will rise or fall with the companies' stock prices, and some of the equity awards could expire worthless if targets are not met or they depart.
YTD, RIVN stock has eroded 71% in value while LCID lost 54%.
Wall Street Journal cited that Mr. Rawlinson has already received full access to some of his stock-based pay, shares now worth ~$300M while Mr. Scaringe can not start to get full title to much of his equity award until early 2027, when Rivian is scheduled to begin evaluating performance metrics for it.
These pay packages are valued at more than 14 times those of leaders of larger auto makers such as Ford and General Motors; it is also among the biggest for any CEOs in the Russell 3000 Index.
Beyond the equity awards, Lucidâs Mr. Rawlinson received ~529K in salary last year, ~$2.4M in bonuses, mostly tied to taking the company public, and $6.6M in discounts on preferred shares he purchased; Mr. Scaringe made $650K in salary, plus ~$121K in security services.