Shell Executives Convert Maximum Allowance of Bonus Into Shares
Royal Dutch Shell Plc’s Chief Executive Officer Peter Voser and five other executives agreed to convert the maximum proportion of their bonus into stock.
Voser got 50 percent of his 2010 bonus, or the equivalent of 1.875 million euros ($2.55 million), converted into 73,457 class-A shares, the company said today in a statement.
Five more executives, including Chief Financial Officer Simon Henry, also converted half of their bonuses into shares. Marvin Odum, president of Shell’s U.S. business, was the only one listed in the statement who converted 25 percent of its bonus into the company shares.
The executive directors have the option of being paid at least 25 percent and not more than 50 percent of their bonuses in shares under the deferred bonus plan, according to the statement.
To contact the reporter on this story: Eduard Gismatullin in London at egismatullin@bloomberg.net
To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net --Editor: Will Kennedy
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