Robyn Denholm, who joined Tesla's board a decade ago, sold $17.3 million in stock, according to a filing, bringing her total sales this year past $50 million.
Tesla Chairwoman Robyn Denholm sold $17.3 million worth of shares in the company, according to a filing on Monday.
Robyn Denholm, chairman of Tesla Inc., speaks during an American Chamber of Commerce in Australia event in Sydney, Australia, on Wednesday, March 27, 2019.Denholm, who joined Tesla's board as an independent director in 2014 and became chair four years later, sold the shares as part of what's called a 10b5-1 program put into place in October. She has now sold all of the 281,116 shares allowed in the agreement.
"If somebody doesn't believe Tesla's going to solve autonomy, I think they should not be an investor in the company," Musk said on the call.as chair in November 2018, after the company struck an agreement with the SEC to settle civil securities fraud charges requiring Musk to relinquish that role temporarily, among other provisions.
In her opinion, Chancellor Kathaleen McCormick wrote that by serving on Tesla's board, Denholm received "life-changing" compensation, which "far exceeded the compensation she received from other sources."
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