Investing
KKR’s Bae and Nuttall Each Receive $75 Million in Stock Awards
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KKR & Co. awarded Joe Bae and Scott Nuttall about $75 million each as part of their promotions to co-chief executive officers.
Bae, 49, and Nuttall, 48, each received 1.15 million shares of KKR Holdings LP, which are equal in value to the parent’s common shares, according to regulatory filings Tuesday. They were awarded Friday, when the stock closed at $65.51. The majority of the shares vested immediately, and the rest will vest on Oct. 1, 2022, the filings show.