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Trump Media gifts DJT shares to FBI pick Kash Patel

Cash Patel, US President Donald Trump’s candidate to be the director of the FBI, is also seen in front of the confirmation of the Capitol Hill Judicial Committee in Washington, the United States, January 30, 2025.

Evelyn Hakstein Reuters

Trump is the media Thousands of the company’s shares this week gave to the president Donald TrumpCandidate to the FBI director, Cash PatelBy Ibn Trump, the Great and four others Members of the Board of Directorsnew Regulatory deposits Show.

The company granted 25,946 shares to Patel, Donald Trump JuniorAnd the president’s choice of the Minister of Education, Linda McMahon, who all works as Trump’s media ManagersThursday deposits reveal.

Three other managers – the former American trade representative Robert LezerSwider and Kyle Green received the same number of DJT shares without any cost, according to Securities and Stock Exchange Committee filings.

The deposits said the prizes were awarded on Tuesday. The media closed on that day trading at $ 30.04 per share.

At this price, the stock value is a paper value of more than 779,400 dollars. But most of the arrows granted have restrictions on when they can be sold.

DJT was traded by about $ 31.50 per share from 2:30 pm East time on Friday.

The deposits said that the arrow was given “as taking into account the services provided” between late March-when the media was announced publicly after the completion of a merging process with an empty violation company-and December 25.

The disclosure comes at a time when critics say that the financial tangles of the president and modern commercial projects are Conflict For his administration members.

The stock prizes were presented hours after the appearance of Patel for Senate session On his candidacy for the FBI leadership, the best US law enforcement agency.

Trump announced the media, which runs the social truth application, announced on Wednesday that it is expanding to Financial services.

Weeks after winning the presidential elections, Trump His share transfer In the media, Trump is to be canceled. Trump is the only beneficiary of confidence, and Trump Junior is her only guardian.

The new SEC files said that the shares granted on Tuesday for the six members of the Board of Directors are restricted stock units that will be launched in installments.

Read more CNBC policy coverage

Twenty-five percent of the granted RSU-about 6487 shares per manager-immediately, which means that it can be sold at any time. The paper value of these stocks was approximately $ 195,000 as of the closure trade on Tuesday.

The remaining 75 % of RSU will start in nine quarterly installments over two years starting from March 25.

Trump has not immediately responded to CNBC’s request for comment.

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2025-01-31 22:10:00

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