Michael Lohscheller took the role of CEO at Nikola Corporation on November 3, 2022, coming from a strong automotive background. Before joining Nikola, he was the Global CEO of VinFast and held senior roles at major companies like Opel and...

Current Market Cap

$87.72M

Number of Employees

870

Total Compensation

2022 - 2023

Trending down by -80.89% last year
Showing total compensation for the last 2022 - 2023

Stock

Down by -100.00% last year

Salary

Up by 38.03% last year

Bonus

Down by -100.00% last year

Other

Up by 147.02% last year

Year

2023

Total Compensation

$635.37K

Salary

$621.15K

Board Justification

Nikola's compensation program is designed to attract and retain highly qualified executives, aligning their interests with those of stockholders through performance-based incentives.

Bonus

$0.00

Board Justification

No annual cash bonus program was participated in by Mr. Lohscheller for 2023.

Other

$14.22K

Board Justification

This includes company matching contributions to the 401(k) plan and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as Mr. Lohscheller departed the company in August 2023.

Performance Metrics

Compensation is tied to long-term performance metrics, including total stockholder return relative to peers.

SEC Filing

From April 24, 2024

Michael Lohscheller

Ex-CEO of Nikola Corporation

ML

Education

Master's degree in marketing management from Brunel University; Bachelor's degree in business administration from Osnabrück University of Applied Sciences.

Field of Expertise

Manufacturing & Industrial - Automotive

Born

January 1, 1969 - 55 years ago

Is Founder?

No

Tenure

0 years 9 months (Nov 2022 - Aug 2023)

Previous Experience

Global Chief Executive Officer of VinFast LLC, Chief Executive Officer at Group PSA of Opel Automobile GmbH, Chief Financial Officer of Opel Group, General Motors Europe.

View Holdings

Insider Holdings of Michael Lohscheller

NKLA

$50.89K

-$561.71K (-91.69%)

Last Insider Trade

NKLA

$135.07K

NKLA at $1.96/share

Aug 10, 2023

Sale