By Matt Peterson
Trump Media & Technology Group gave restricted stock potentially worth hundreds of thousands of dollars to President Donald Trump's nominee for FBI director Kash Patel and Linda McMahon, the nominee to run the Department of Education, along with others connected to the company.
The stock grants were disclosed Thursday in regulatory filings with the Securities and Exchange Commission.
Trump Media is the owner of social media network Truth Social. President Trump owns the majority of the company's shares indirectly in a revocable trust held in the name of his son, Donald Trump, Jr.
Restricted shares were also given to Trump Jr., along with Robert Lighthizer, a former U.S. trade representative in Trump's first term, and Eric Swider and W. Kyle Green, directors of Trump Media.
All six stock recipients are members of Trump Media's board of directors.
Patel and McMahon each received nearly 26,000 restricted shares, worth approximately $820,000 based on the stock's closing price of $31.60 on Thursday. They can immediately access 25% of those shares, worth roughly $205,000.
Trump Media and the White House didn't immediately respond to a request for comment. McMahon didn't respond to a request for comment sent through the America First Policy Institute, where she is board chair. Patel couldn't immediately be reached.
Write to Matt Peterson at matt.peterson@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
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January 31, 2025 10:09 ET (15:09 GMT)
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