BlackRock ( BLK) CEO Laurence Fink was awarded a bonus worth almost $13 million in restricted stock, one of handsomest bonus awards revealed on Wall Street so far this year, according to the Wall Street Journal on Feb. 1.
According to WSJ, the $13 million consisted of two sets of restricted stock. They included 46,031 in restricted shares and 18,712 in three-year options, WSJ said. Based on a recent closing share prices, the awards were worth $12.8 million, the report said. The paper added that last year, BlackRock's CEO was awarded fewer bonus shares, but they were worth more during that period. This indicates that his total award has fallen from $13.1 million, WSJ noted.