Citigroup bankers may be able to sell stock they received as part of their bonuses, in April, The Wall Street Journal reports. Bankers will be able to sell their shares once shareholders approve the scheme at Citi’s annual meeting in April.
Citi executives received a large proportion of bonuses as common stock, which many expect to be able to sell following the shareholder meeting. Bank of America Merrill Lynch bankers have received their bonuses in shares that may vest, in some cases, as early as August.
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