Wells Fargo & Co. said Tuesday that is has awarded CEO John Stumpf roughly $1 million in restricted stocks as part of his 2012 compensation.
The 27,398 restricted share rights, awarded Friday, were disclosed in a filing with the Securities and Exchange Commission. On Friday, the stock of the San Francisco-based bank, the largest home lender in the U.S., was trading at around $36.50, putting the value of the award at about $1 million.
The rights will be vested in three one-third installments on March 15, 2014, March 15, 2015 and March 15, 2016.
Wells Fargo, which has East Coast headquarters in Charlotte, is expected to announce this month how much its top executives made in 2012.
Tuesday, March 12, 2013
Wells Fargo CEO awarded $1M stock bonus
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3 comments:
Guy deserves one HECK of a LOT more than $1million in stock. Should've given him $5mil in March 2014, 2015 and 2016!
Yeah I'm sure the guy gets thirsty after KILLING innocent homeowners whose homes he is stealing...needs at LEAST 5 million reward for that.
http://www.nakedcapitalism.com/2013/04/wells-fargos-reprehensible-foreclosure-abuses-prove-incompetence-and-collusion-of-occ.html
(noticed moderation has been enabled - did your master slap your hand for publishing negative (truthful) comments?)
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