First Data CEO's Stake Could Be About $110 Million After IPO

  • Bisignano holds stock, restricted shares, option awards
  • Reported pay in 2013 was $76.4 million, mostly in options

First Data IPO Poised to Be Biggest This Year

Frank Bisignano’s stake in First Data Corp. would be about $110 million if the company he runs sells shares at the high end of the projected range for its debut on public exchanges and he exercises all his vested options.

First Data plans to sell shares for $18 to $20 apiece, according to a regulatory filing Thursday by the New York-based payment-technologies company. Bisignano, the 55-year-old chairman and chief executive officer, owns about 2.1 million shares, according to the filing. He also owns 3.4 million options that he can exercise, priced at $11.07 and $12.65. The $110 million figure excludes other options that can’t immediately be exercised and restricted shares.

First Data processes payments for banks and merchants and offers other services and products including systems for accepting credit cards and preventing fraud. The company is the biggest equity bet for KKR & Co., the private-equity firm that acquired First Data in 2007 for $29.8 billion, including debt and fees. Proceeds from the IPO will be used to prune the company’s almost $21 billion of debt, which KKR used to finance its buyout.

Bisignano was co-chief operating officer at JPMorgan Chase & Co. before KKR & Co., the private-equity firm run by billionaires Henry Kravis and George Roberts, recruited him to run First Data in April 2013.

First Data awarded Bisignano $76.4 million in his first year, including $51 million in option that vest over five years and $20 million in stock awards, the filing shows. He was paid $9.3 million, including $6.13 million in stock and options, last year.

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