Citigroup Execs Each Got $14 Million in Stock
- Share via
Citigroup Inc.’s Charles O. Prince and Robert B. Willumstad, named Wednesday to run the world’s largest financial services company, each have received more than $14 million in restricted stock, securities filings showed Thursday.
Prince, who will succeed Sanford I. Weill as chief executive, and Willumstad, named chief operating officer, each were awarded 318,337 shares Tuesday under Citigroup’s stock incentive plan, according to filings with the Securities and Exchange Commission.
Each share award is worth $14.27 million, based on Citigroup’s $44.82 closing price Thursday on the New York Stock Exchange. The shares fell 70 cents Thursday.
A Citigroup spokeswoman declined to comment.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
