Trump Media gifts DJT shares to FBI pick Kash Patel, Linda McMahon and president’s son – CNBC

Credit CardsLoansBankingMortgagesInsuranceCredit MonitoringPersonal FinanceSmall BusinessTaxesHelp for Low Credit ScoresInvestingSELECTAll Credit CardsFind the Credit Card for YouBest Credit CardsBest Rewards Credit CardsBest Travel Credit CardsBest 0% APR Credit CardsBest Balance Transfer Credit CardsBest Cash Back Credit CardsBest Credit Card Welcome BonusesBest Credit Cards to Build CreditSELECTAll LoansFind the Best Personal Loan for YouBest Personal LoansBest Debt Consolidation LoansBest Loans to Refinance Credit Card DebtBest Loans with Fast FundingBest Small Personal LoansBest Large Personal LoansBest Personal Loans to Apply OnlineBest Student Loan RefinanceSELECTAll BankingFind the Savings Account for YouBest High Yield Savings AccountsBest Big Bank Savings AccountsBest Big Bank Checking AccountsBest No Fee Checking AccountsNo Overdraft Fee Checking AccountsBest Checking Account BonusesBest Money Market AccountsBest CDsBest Credit UnionsSELECTAll MortgagesBest MortgagesBest Mortgages for Small Down PaymentBest Mortgages for No Down PaymentBest Mortgages with No Origination FeeBest Mortgages for Average Credit ScoreAdjustable Rate MortgagesAffording a MortgageSELECTAll InsuranceBest Life InsuranceBest Homeowners InsuranceBest Renters InsuranceBest Car InsuranceTravel InsuranceSELECTAll Credit MonitoringBest Credit Monitoring ServicesBest Identity Theft ProtectionHow to Boost Your Credit ScoreCredit Repair ServicesSELECTAll Personal FinanceBest Budgeting AppsBest Expense Tracker AppsBest Money Transfer AppsBest Resale Apps and SitesBuy Now Pay Later (BNPL) AppsBest Debt ReliefSELECTAll Small BusinessBest Small Business Savings AccountsBest Small Business Checking AccountsBest Credit Cards for Small BusinessBest Small Business LoansBest Tax Software for Small BusinessSELECTAll TaxesFiling For FreeBest Tax SoftwareBest Tax Software for Small BusinessesTax RefundsTax BracketsTax TipsTax By StateTax Payment PlansSELECTAll Help for Low Credit ScoresBest Credit Cards for Bad CreditBest Personal Loans for Bad CreditBest Debt Consolidation Loans for Bad CreditPersonal Loans if You Don’t Have CreditBest Credit Cards for Building CreditPersonal Loans for 580 Credit Score or LowerPersonal Loans for 670 Credit Score or LowerBest Mortgages for Bad CreditBest Hardship LoansHow to Boost Your Credit ScoreSELECTAll InvestingBest IRA AccountsBest Roth IRA AccountsBest Investing AppsBest Free Stock Trading PlatformsBest Robo-AdvisorsIndex FundsMutual FundsETFsBondsIn this articleTrump 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.DJT was trading at around $31.50 per share as of 2:30 p.m. ET on Friday.The filings said the stock was granted “as consideration for services provided” between late March — when Trump Media went public after completing a merger with a blank-check company — and Dec. 25.The disclosures come as critics say the president’s financial entanglements and recent business ventures pose conflicts of interest for members of his administration.The stock awards were made public hours after Patel appeared for a Senate hearing on his nomination to lead the FBI, the top U.S. law enforcement agency.Trump Media, which operates the Truth Social app, on Wednesday announced it was expanding into financial services.Weeks after winning the presidential election, Trump transferred his majority stake in Trump Media to his revocable trust. Trump is the sole beneficiary of the trust, and Trump Jr. is its only trustee.The new SEC filings said the shares awarded Tuesday to the six board members are restricted stock units that will vest in installments.Twenty-five percent of the awarded RSUs — about 6,487 shares per director — immediately vested, meaning they can be sold at any time. The paper value of those shares was nearly $195,000 as of Tuesday’s closing trade.The remaining 75% of the RSUs will vest in nine quarterly installments over two years beginning March 25.Trump Media did not immediately respond to CNBC’s request for comment.Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2025 CNBC LLC. All Rights Reserved. A Division of NBCUniversal
Data is a real-time snapshot *Data is delayed at least 15 minutes.
Global Business and Financial News, Stock Quotes, and Market Data
and Analysis.
Data also provided by

Source: https://www.cnbc.com/2025/01/31/trump-media-djt-stock-shares-kash-patel.html