United Airlines awarded its top eight executives another 821,669 stock options for navigating the company through bankruptcy protection.
The group, which includes Chief Executive Officer Glenn Tilton, has now received 2.5 million options in addition to 1.6 million restricted shares.
United issued shares and options to the executives four separate times since emerging from bankruptcy Feb. 1. Those executives have now been given all the stock awards that were outlined in United's reorganization plan.
The stock could be worth an estimated $193 million, although it's impossible to predict the value because the shares become usable at different times during the next four years.
Rocky Mountain News
The group, which includes Chief Executive Officer Glenn Tilton, has now received 2.5 million options in addition to 1.6 million restricted shares.
United issued shares and options to the executives four separate times since emerging from bankruptcy Feb. 1. Those executives have now been given all the stock awards that were outlined in United's reorganization plan.
The stock could be worth an estimated $193 million, although it's impossible to predict the value because the shares become usable at different times during the next four years.
Rocky Mountain News
