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The company's board granted restricted stock valued at $7 million to Mr. Blankfein, according to a regulatory filing on Friday.
The firm's board granted restricted stock valued at $12.6 million to Mr. Blankfein and other senior executives, including Gary D. Cohn, the firm's president.
At JPMorgan, the head of investment banking, James E. Staley, was granted restricted stock valued at $7.8 million and he has options valued at an added $2 million.
In previous years, Mr. Gorman had been granted restricted stock units, which are stock grants tied to the price of the firm's shares when they vest down the road.
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In the highest corporate ranks, companies are increasingly granting restricted stock to executives.
They also ignore another reality: When corporations grant restricted stock to their executives these grants are routinely, and properly, expensed, even though no cash changes hands.
Others are considering strategies, such as granting restricted stock, that have until now been limited to old-line companies with sagging share prices.
THE decision by Microsoft to grant restricted stock to all employees will assure them of getting some value, but it will also present them with a difficult decision to make regarding taxes.
This may partly explain why Microsoft's p/e ratio of share price to profits has fallen from 86 to 30.In place of options, the firm says it will now grant "restricted stock"—shares that will be fully transferred over five years.
For lower-level executives, it may be more appropriate to grant restricted stock that vests based on performance relative to an index.
Google grants restricted stock to the employee that vests over time (two years in the case of Sundar and 3 or 4 years with Neal, says one source).
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