Lucid Group is transitioning former CFO Taoufiq Boussaid into a Senior Advisor role through December 31, 2026, with a $10,000 monthly salary, benefits and continued Equity award vesting. For investors, the agreement defines his remaining service period and makes a prorated 2026 Bonus of $156,390 conditional on specified separation terms.

Key Highlights

  • Taoufiq Boussaid is eligible for a prorated 2026 annual bonus of $156,390 under the transition terms.
  • The transition arrangement requires continued employment in good standing through December 31, 2026, along with other conditions.
  • Alexander De Bock signed the agreement as Lucid Group’s Chief Financial Officer on September 11, 2026.

Lucid Group, Inc. (NASDAQ: LCID) is moving former Chief Financial Officer Taoufiq Boussaid into a Senior Advisor role through December 31, 2026, with a monthly salary of $10,000.

Former CFO Takes Senior Adviser Role

Lucid Group entered into the transition agreement with Boussaid on September 4, 2026. His advisory service will continue through the stated separation date, while his compensation arrangement includes the monthly salary, employee benefits and ongoing vesting of equity awards. The agreement also includes releases of claims, confidentiality obligations, non-disparagement provisions, cooperation requirements and other restrictive covenants.

Bonus Depends on Separation Conditions

Boussaid must remain employed in good standing through December 31, 2026, timely execute and avoid revoking a release of claims, and satisfy the agreement’s other terms to receive specified amounts. Those amounts include benefits available under Lucid Group’s Executive Severance Plan and his applicable offer letter, along with a prorated 2026 annual bonus of $156,390 and the company vehicle.