Trump Media gifts DJT shares to FBI pick Kash Patel, Linda McMahon and president’s son
Trump Media this week gifted thousands of shares of company stock to President Donald Trump’s nominee for FBI director, Kash Patel, to Trump’s eldest son and to four other board members, new regulatory filings show.
The company awarded 25,946 stock shares each to Patel, Donald Trump Jr., and the president’s pick for Education secretary, Linda McMahon, who all serve as Trump Media directors, the filings Thursday reveal.
Three other directors — former U.S. trade representative Robert Lighthizer, Eric Swider and Kyle Green — received the same number of DJT shares at no cost, according to Securities and Exchange Commission filings.
The filings said the awards were granted Tuesday. Trump Media that day closed trading at $30.04 per share.
At
that price, the shares have a paper value of more than $779,400. But
most of the stock awarded has restrictions on when it can be sold. ...
