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The company said Sir Christopher received the equivalent of $3.8 million in pay, shares and pension benefits in the year to March.
The package is below that of his predecessor, who received £17m in pay, shares and perks last year.
Because the restricted stock units are not "property" for tax purposes — merely a promise to pay shares later — the employees could not make an 83(b) election to get capital gains treatment on any appreciation.
Mid-State, based in Arroyo Grande, Calif., will pay shares worth $29.37 for each BSM share, with the exchange ratio to be determined, in a tax-free pooling of interests.
Similar(56)
The couple could then use the funds to pay shared expenses.
The quarterly profit amounted to 20 cents a dividend-paying share, surpassing the average analyst estimate of 14 cents a share, according to Standard & Poor's Capital IQ.
EBay will pay 0.39 shares for each outstanding share of PayPal.
Logica will pay 0.4827 share for each share in CMG.
It will pay in shares, not cash.
Virata will pay 850,000 shares.
How much will they pay for shares?
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