Nikola Management

Management criteria checks 1/4

Nikola's CEO is Steve Girsky, appointed in Aug 2023, has a tenure of less than a year. total yearly compensation is $8.80M, comprised of 4.4% salary and 95.6% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth $1.03M. The average tenure of the management team and the board of directors is 0.8 years and 3.4 years respectively.

Key information

Steve Girsky

Chief executive officer

US$8.8m

Total compensation

CEO salary percentage	4.4%
CEO tenure	less than a year
CEO ownership	0.1%
Management average tenure	less than a year
Board average tenure	3.4yrs

Recent management updates

Recent updates

Nikola Stock Surges Past $1 Milestone After Nearly 4 Months; Is It A Buy Now?

Apr 01

Nikola Corporation: Weak 2024 Outlook With More Dilution Likely Ahead - Sell

Mar 01

Earnings Release: Here's Why Analysts Cut Their Nikola Corporation (NASDAQ:NKLA) Price Target To US$2.33

May 11

CEO Compensation Analysis

How has Steve Girsky's remuneration changed compared to Nikola's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$9m	US$388k	-US$865m
Sep 30 2023	n/a	n/a	-US$933m
Jun 30 2023	n/a	n/a	-US$744m
Mar 31 2023	n/a	n/a	-US$800m
Dec 31 2022	US$294k	n/a	-US$738m
Sep 30 2022	n/a	n/a	-US$722m
Jun 30 2022	n/a	n/a	-US$753m
Mar 31 2022	n/a	n/a	-US$723m
Dec 31 2021	US$327k	n/a	-US$690m
Sep 30 2021	n/a	n/a	-US$673m
Jun 30 2021	n/a	n/a	-US$485m
Mar 31 2021	n/a	n/a	-US$471m
Dec 31 2020	US$813k	n/a	-US$384m

Compensation vs Market: Steve's total compensation ($USD8.80M) is above average for companies of similar size in the US market ($USD3.42M).

Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.

CEO

Steve Girsky (61 yo)

less than a year

Tenure

US$8,798,118

Compensation

Mr. Stephen J. Girsky, also known as Steve, serves as President and CEO at Nikola Corporation since August 04, 2023 and served as its Acting CFO since February 14, 2024 until March 2024 and Principal Finan...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Stephen Girsky	President	less than a year	US$8.80m	0.12% $ 1.0m
Mary Shio Chan	Chief Operating Officer	less than a year	US$2.49m	0.022% $ 183.8k
Britton Worthen	Chief Legal Officer & Secretary	3.9yrs	US$1.24m	0.023% $ 190.5k
Thomas Okray	Chief Financial Officer	less than a year	no data	no data
Henry Kwon	Director of Investor Relations	no data	no data	no data
Bruce Kurtt	Senior Vice President of Sales & Commercial Operations	1.5yrs	no data	no data
Joseph Pike	Chief Human Resources Officer	3.9yrs	US$2.15m	0.017% $ 140.9k
Umran Ashraf	Global Head of Vehicle Engineering	no data	no data	no data
Ryan McGeachie	President of Energy	no data	no data	no data
Dirk Hoefelmann	President of Energy	less than a year	no data	0.022% $ 183.0k
Brian De Hoog	Corporate Controller	no data	no data	no data
Dhillon Sandhu	Investor Relations Lead	no data	no data	no data

0.8yrs

Average Tenure

57.5yo

Average Age

Experienced Management: NKLA's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Stephen Girsky	President	3.9yrs	US$8.80m	0.12% $ 1.0m
Steven Shindler	Independent Chairman	3.7yrs	US$344.83k	0.029% $ 240.6k
Mary Petrovich	Independent Director	3.4yrs	US$90.20k	0.0032% $ 27.4k
Bruce Smith	Independent Director	3.5yrs	US$82.00k	0.0032% $ 27.3k
Andrew Vesey	Independent Director	1.6yrs	US$82.00k	0.0017% $ 14.0k
Michael Mansuetti	Independent Director	3.9yrs	US$82.00k	0.0043% $ 36.4k
Jonathan Pertchik	Independent Director	less than a year	US$42.45k	0% $ 0
John Vesco	Independent Director	less than a year	US$79.12k	0% $ 0
Carla Tully	Independent Director	less than a year	no data	0.0022% $ 18.1k

3.4yrs

Average Tenure

60yo

Average Age

Experienced Board: NKLA's board of directors are considered experienced (3.4 years average tenure).

Nikola Management

Management criteria checks 1/4

Key information

Recent management updates

Nikola Corporation, Annual General Meeting, Jun 05, 2024

Nikola Corporation Names Thomas B. Okray as Chief Financial Officer

Nikola Corporation Appoints Stephen J. Girsky as Principal Financial Officer and Principal Accounting Officer

Nikola Corporation Appoints Carla Tully to Its Board of Directors

Nikola Corporation Announces Executive Changes, Effective February 5, 2024

Nikola Corporation Appoints Jonathan Pertchik Joins to its Board of Directors

Recent updates

Nikola Corporation, Annual General Meeting, Jun 05, 2024

Nikola Corporation to Report Q1, 2024 Results on May 07, 2024

Nikola Stock Surges Past $1 Milestone After Nearly 4 Months; Is It A Buy Now?

Nikola Corporation Names Thomas B. Okray as Chief Financial Officer

Nikola Corporation: Weak 2024 Outlook With More Dilution Likely Ahead - Sell

Nikola Corporation Appoints Stephen J. Girsky as Principal Financial Officer and Principal Accounting Officer

Nikola Corporation Appoints Carla Tully to Its Board of Directors

Nikola Corporation Announces Executive Changes, Effective February 5, 2024

Nikola Corporation to Report Q4, 2023 Results on Feb 22, 2024

Nikola Corporation Receives Non-Compliance Notice from Nasdaq

Nikola Corporation Appoints Jonathan Pertchik Joins to its Board of Directors

Nikola Corporation has completed a Follow-on Equity Offering in the amount of $100.000001 million.

Nikola Corporation has completed a Follow-on Equity Offering in the amount of $241.764928 million.

Nikola Corporation Announces Resignation of Anastasiya “Stasy” Pasterick as Chief Financial Officer

Nikola Corporation Announces Resignation of Anastasiya “Stasy” Pasterick as Chief Financial Officer

Rosen Law Firm Files Class Action Lawsuit Against Nikola Corporation

Nikola Corporation to Report Q3, 2023 Results on Nov 02, 2023

Nikola Corporation Appoints Joseph S. Cappello to Serve as the President of Energy, Effective September 25, 2023

Nikola Corporation Appoints Mary Chan as Chief Operating Officer Effective October 9, 2023

Nikola Corporation announced that it has received funding from Innovative Trailer Design Industries Inc.

Nikola Corporation Names John Vesco as Its New Director

Nikola Corporation Announces Executive Changes

Nikola Corporation Announces Resignation of Carey Mendes as President, Energy

Nikola Corporation Announces Voluntary Recall of Approximately 209 Class 8 Tre Battery-Electric Vehicles

Nikola Corporation Announces CEO Changes

Nikola Corporation to Report Q2, 2023 Results on Aug 04, 2023

IVECO S.p.A. completed the acquisition of 50% stake in Nikola Iveco Europe Gmbh from Nikola Corporation (NasdaqGS:NKLA)

New major risk - Share price stability

Nikola May Do Reverse Stock Split to Comply with Nasdaq Rules

Nikola Corporation Receives Non-Compliance Notice From Nasdaq

Director recently sold US$256k worth of stock

Consensus EPS estimates upgraded to US$0.94 loss, revenue downgraded

Director notifies of intention to sell stock

Earnings Release: Here's Why Analysts Cut Their Nikola Corporation (NASDAQ:NKLA) Price Target To US$2.33

Price target decreased by 26% to US$2.33

Iveco Group N.V. (BIT:IVG) entered into binding terms sheet to acquire remaining 50% stake in Nikola Iveco Europe Gmbh for approximately 214 million.

Now 20% undervalued after recent price drop

High number of new and inexperienced directors

Nikola Launches First Hydrogen Fuel Cell Truck Mobile Fueler

Nikola Corporation to Report Q4, 2022 Results on Feb 23, 2023

Nikola Corporation Moves Battery Manufacturing from Cypress, Calif. to Its Coolidge, Ariz. Manufacturing Facility

Director notifies of intention to sell stock

Director recently sold US$1.8m worth of stock

Nikola Corporation Announces Departure of Pablo M. Koziner, President, Commercial

Nikola Corporation Announces Bruce Kurtt as Senior Vice President of Sales and Commercial Operations

Director exercised options and sold US$277k worth of stock

High number of new and inexperienced directors

Consensus revenue estimates fall by 32%

Price target decreased to US$7.19

Nikola Corporation Announces Executive Chages

Nikola Corporation (NasdaqGS:NKLA) completed the acquisition of Romeo Power, Inc. (NYSE:RMO) from a group of shareholders.

No Room For Nikola In Booming Industry

Nikola Corporation Announces Board Changes

Nikola Corporation to Report Q3, 2022 Results on Nov 03, 2022

Nikola turns positive on extension of exchange offer to acquire Romeo Power

CEO & Director notifies of intention to sell stock

President & Director recently sold US$102k worth of stock

Nikola Announces Key Leadership Changes to Strengthen Commercial and Energy Initiatives

Insider recently bought US$17m worth of stock

Nikola: It Needs More Than The Inflation Reduction Act

Nikola gains amid vague takeover speculation

Nikola Corporation Announces Executive Changes

Nikola Corporation Provides Production Guidance for the Third Quarter of Fiscal Year 2022

Nikola Corporation Provides Production Guidance for the Fiscal Year 2022

Nikola: Bleeding Edge

Nikola Corporation (NasdaqGS:NKLA) entered into a definitive agreement to acquire Romeo Power, Inc. (NYSE:RMO) from a group of shareholders for approximately $150 million.

Price target decreased to US$9.36

Price target decreased to US$9.71

Nikola Corporation Displays Zero-Emissions Class 8 Battery-Electric Vehicle and Fuel Cell Electric Vehicle in Washington D.C