Indian Clarity

Light. Truth. Clarity.

Loading ad...
Companies

Nvidia director Persis Drell resigns from board, leaves with 1,43,000 shares and stock price gain of 22,000%

Chipmaker and $4 trillion company Nvidia Corporation in a filing on 23 January (Friday) informed the United States Securities and Exchange Commission (US SEC) that director Persis Drell is leaving its board to “pursue a new professional opportunity”, as per a Bloomberg report. She is leaving with about 1,43,000 Nvidia shares worth around $26 million as per the latest holdings report — a 22,000% jump since she joined the board over 10 years back, according to a CNBC report. According to the Bloomberg report, the filing did not disclose what new professional move Drell is making but sought to clarify the resignation was not acrimonious.

Nvidia director Persis Drell resigns from board, leaves with 1,43,000 shares and stock price gain of 22,000%

Credit: Livemint

Key Highlights

  • The filing said she is not leaving due to “any disagreement with the company on any matter relating to the company’s operations, policies or practices”.
  • Spokespeople for the CEO Jensen Huang-led Nvidia did not immediately respond to queries on the matter, it added.
  • As a member of the board of Nvidia, she was on Santa Clara, California-based chipmaker’s compensation committee.
  • She joined the board in 2015, it added.
  • CNBC cited Nvidia's annual report to state that Drell leaves with 1,43,000 Nvidia shares worth $26 million, and her salary for last year on the board was $3,44,000, including $2,59,000 in stock awards.
Loading ad...

Sources

  1. Nvidia director Persis Drell resigns from board, leaves with 1,43,000 shares and stock price gain of 22,000%

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Related Stories

Loading ad...