Lucid Group Announces CFO Transition; Senior Advisor Through Dec 31, 2026

What Happened
Lucid Group, Inc. announced on Sept. 4, 2026 (filed 8-K Sept. 11, 2026) that former Chief Financial Officer Taoufiq Boussaid entered a Transition Agreement. Under the agreement, Mr. Boussaid will serve as a Senior Advisor through a Separation Date of December 31, 2026, and will receive continued compensation and benefits during that period.

Key Details

• Mr. Boussaid will receive a monthly salary of $10,000 while serving as Senior Advisor through Dec. 31, 2026.
• He will continue to receive employee benefits and equity award vesting through the Separation Date.
• Subject to remaining employed in good standing through the Separation Date, timely execution/non-revocation of a release, and other conditions, he is eligible for Executive Severance Plan payments and amounts under his prior offer letter, plus a prorated 2026 bonus of $156,390 and his company vehicle.
• The Transition Agreement contains customary releases, confidentiality, non-disparagement, cooperation and other restrictive covenants.

Why It Matters
This filing documents a planned, time-limited transition from the CFO role to an advisory position and clarifies near-term cash and equity impacts tied to that transition. For investors, the material items are the firm commitment to continued pay and vesting through year-end and the specified prorated bonus amount, which affect near-term compensation expense and potential dilution from continued equity vesting. The severance and restrictive covenant terms limit future claims and outline conditions for any additional payments.