Opendoor CEO lands $741 million Tesla-style stock compensation

Key Facts

1Opendoor Technologies CEO Kaz Nejatian received a $741 million stock-based compensation package.

2The package mirrors Tesla's model and is entirely contingent on the company's stock performance over five years.

3Nejatian takes a $1 cash salary.

In a move reflecting the growing adoption of performance-linked compensation plans, Opendoor Technologies' board granted CEO Kaz Nejatian a $741 million stock-based compensation package, alongside a nominal $1 cash salary. The package mirrors Tesla's long-term incentive model, vesting only if the company's stock achieves specified targets over five years.

The decision comes as OPEN shares trade at $4.47 (close June 18, 2026), following pressure from rising interest rates and subdued housing demand. Opendoor has posted losses in recent quarters, making the performance-based package a tool to align management with shareholder returns, similar to Tesla's controversial plan that faced legal scrutiny.

Investors are closely watching the stock, as the plan's success hinges on a significant market-cap increase over five years. The next quarterly earnings report and housing-market data are key catalysts, with the stock near its recent low of $4.43, leaving room for volatility.