Monday, February 22, 2010

Nearly 224K stock options for Sulzberger, Golden

The company granted another round of stock awards to top officials, according to new filings today with the U.S. Securities and Exchange Commission. The recipients:

Chairman Arthur Sulzberger Jr. (left): 181,650 options on Class A common stock. The strike price is $11.13 a share. The options vest in three equal annual installments beginning Feb. 18, 2011. Sulzberger also received 13,650 units of restricted stock to be paid in cash at the market price on Feb. 18, 2013. (Here's the SEC document.)

Vice Chairman Michael Golden: 42,000 options on Class A shares. The strike price and vesting schedule are the same as Sulzberger's. He also got 4,305 restricted stock units. They are to be paid on the same terms as Sulzberger as well. (Document here.)

The awards disclosed today follow a slew of options and restricted stock units awarded last week to CEO Janet Robinson and five other top executives. Please see that post for a full explanation of how options and RSUs work.

Related: a complete list of the company's SEC filings

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