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BlackRock Awards $13M Stock To CEO

BlackRock’s founder and CEO, Larry Fink, has received $13 million in restricted stock and options.

BlackRock’s founder and CEO, Larry Fink, has received $13 million in restricted stock and options, Financial Times reports. The payout consists of 46,031 restricted shares and 18,712 options vesting for the next three years.

The stock award, which forms part of Fink’s bonus for 2010, is more than double the $6 million worth of restricted stock he received in 2009. Fink has a control of 1.4 million shares in the New York-based asset manager, which is valued at around $273 million.

Click here for the story from Financial Times.

Click here for additional coverage from Bloomberg.

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