“Apple Inc. Friday awarded a host of senior executives lucrative stock-option grants, as the company seeks to retain its senior bench after the death of co-founder Steve Jobs,” Jessica E. Vascellaro reports for The Wall Street Journal.
“On Friday, the company filed regulatory forms with the Security and Exchange Commission saying it had granted the senior executives 150,000 restricted stock units each. Half of each grant vests in 2013 and half in 2016, assuming the executives remain at the company,” Vascellaro reports. “At Friday’s closing price for Apple shares, each package was worth about $60 million.”
Vascellaro reports, “The executives awarded those grants included chief financial officer Peter Oppenheimer, general counsel Bruce Sewell and senior vice presidents Scott Forstall, Phil Schiller, Bob Mansfied, Jeffrey Williams… [and] Eddy Cue.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Thomas65807” for the heads up.]