GameStop is providing details on a new compensation package for CEO Ryan Cohen that is dependent on him meeting certain “significant” performance targets.
The video game retailer said in a regulatory filing on Wednesday that Cohen would have to grow its market capitalization to $100 billion and it would need to hit $10 billion in cumulative performance EBITDA — or earnings before interest, taxes, depreciation and amortization — for his award to fully vest.
GameStop said Cohen won't receive any guaranteed pay, which it defines as no salary, no cash bonuses, and no stock that simply vests over time.
“His compensation is entirely ‘at-risk,’ meaning he will only be paid if the company achieves significant market and operational goals,” GameStop said in the filing. “This structure ensures that Mr. Cohen’s incentives are directly aligned with creating long-term value for GameStop’s stockholders.”
The structure is similar to a pay package that Tesla shareholders approved for CEO Elon Musk, in which Musk would receive Tesla stock worth $1 trillion if he hits certain performance targets over the next decade.
Cohen's compensation package with GameStop includes stock options to buy more than 171.5 million common shares for $20.66 each. Shareholders must approve the new pay package at a special meeting in March or April.
Shares of GameStop rose 4% to $21.49 in midday trading, giving the company a market cap of roughly $9.26 billion.
The company's shares are down substantially from May 2024 when influential investor Keith Gill, popularly known as “Roaring Kitty," appeared online for the first time in three years to declare his support for GameStop.
Gill helped ignite a “meme” stock craze in early 2021, when GameStop’s stock price soared above $120.
FILE - Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. (AP Photo/John Minchillo, File)
PARIS (AP) — Farmers drove about a hundred tractors into Paris on Thursday morning to protest the European Union intention to move forward with a free trade deal with five South American nations, the French Interior Ministry said.
French farmers for years has denounced the trade deal with the Mercosur nations of Brazil, Argentina, Bolivia, Paraguay and Uruguay, arguing that the deal would hurt French farmers’ livelihoods.
Thursday's protest was staged by the Rural Coordination union to put further pressure on France's government, which has opposed the deal.
José Perez, President of the Rural Cooordination in the Lot-et-Garonne region in southwestern France, said “the goal today is to come to Paris to express our demands closer to those who have the power.”
“It’s a strong symbol,” he told The Associated Press.
The Interior Ministry said about 20 tractors were in the Paris city center, some at the Arc de Triomphe monument and others in the Eiffel Tower neighborhood, despite a ban issued by authorities.
Convoys of tractors “bypassed and forced their way,” the ministry said.
But most of the tractors were blocked further from the center at key traffic arteries that mark Paris’ limit.
Farmers’ concerns about the Mercosur trade deal are combining with anger about government sanitary measures against the spread of a bovine disease, Perez stressed.
The EU this week renewed internal negotiations over a free trade agreement with five South American nations, amid speculation that a deal could be signed in Paraguay on Jan. 12. The deal’s supporters, led by Germany, may be able to pass over the objections of France and Poland.
Fierce opposition from France derailed the deal last month.
French Agriculture Minister Annie Genevard reaffirmed France’s opposition to the Mercosur deal on Wednesday, saying it threatens the production of beef, chicken, sugar, ethanol and honey, among other sectors.
French farmers park their tractor in front of the Arc de Triomphe to protest against the Mercosur trade alliance with South America countries but also EU farming policy or mass cull of cows ordered to contain the spread of a skin disease Thursday, Jan. 8, 2026 in Paris. (AP Photo/Emma Da Silva)
French farmers protest at the Arc de Triomphe against the Mercosur trade alliance with South America countries but also against EU farming policy or mass cull of cows ordered to contain the spread of a skin disease, Thursday, Jan. 8, 2026 in Paris. Poster reads: EU kills. (AP Photo/Emma Da Silva)
French farmers cook as they protest at the Arc de Triomphe against the Mercosur trade alliance with South America countries but also against EU farming policy or mass cull of cows ordered to contain the spread of a skin disease, Thursday, Jan. 8, 2026 in Paris. (AP Photo/Emma Da Silva)
A poster on a tractor reads 'Mercosur, death for sure' as farmers protest at the Arc de Triomphe against the Mercosur trade alliance with South America countries but also against EU farming policy or mass cull of cows ordered to contain the spread of a skin disease, Thursday, Jan. 8, 2026 in Paris. (AP Photo/Emma Da Silva)
A mannequin hangs from a tractor as farmers protest at the Arc de Triomphe against the Mercosur trade alliance with South America countries but also against EU farming policy or mass cull of cows ordered to contain the spread of a skin disease, Thursday, Jan. 8, 2026 in Paris. Poster at right reads: Mercosur, death for sure. (AP Photo/Emma Da Silva)
