Yes. Some activist leftist law firm got a guy with 9 shares (Tesla has millions) to object, and the judge, seeing a great opportunity to fuck Elon over -- she was the same one that forced him to buy Twitter after he tried to back out, rightfully pointing out it was mostly bots and thus not worth as much as he had offered -- declared the compensation package illegal.
Not illegal: The 3.5 billion dollar in legal fees the law firm then claimed Tesla/Elon owed them, again with the blessing of the judge. THAT was cut down to a mere 333 million on appeal.
It was a blatant, blatant violation of standards and precedent, specifically under the same legal theory of "fuck the enemies of the left" she used to force him to buy Twitter, and has caused a mass exodus from the state by corporations. In short, it's another instance of the left shooting themselves in the foot: Delaware's entire reason for being was to be a tax haven for corporations, but if some judge can declare the entire running of your corporation to be subject to judicial fiat, then it's not worth it.