Thursday, October 25, 2012

New HR chief awarded $294K in restricted shares

Named Oct. 1 as Gannett's new human resources chief, Kevin Lord has received 16,547 shares of restricted stock, according to a new filing with federal securities regulators.

The filing yesterday doesn't say why Lord was awarded the shares, but they are likely a signing bonus.

The shares are called restricted because they don't vest until Dec. 31, 2015, at which point he can claim them -- known as exercising them.

At yesterday's GCI stock closing price, $17.76 a share, Lord's restricted shares are worth $294,000, the filing with the U.S. Securities and Exchange Commission shows. Lord received the RSUs on Monday, his first official day on the job.

9 comments:

  1. And worth every cent of it

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  2. First installment in a series to make sure Gannett cut cut cuts its way to more profitability. Will he avoid the kind of age discrimination suits building against the company?

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  3. I am so tired of all these mid to low level employees at our company. What we need is more senior level execs. Glad Hunke ushered in that way of thinking and that his philosophy is still being used today.

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  4. Well earned I'm sure.

    Gannett does so many crappy things.

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  5. Stick around this dump long enough, and the stock is yours. More where that came from aa you ease more 50somethings out to pasture.

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  6. This comment has been removed by a blog administrator.

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  7. He has nothing on Roxanne, who collected hundreds of thousands from gannett shares and options over the yesrs for essentially overseeing the destruction of thousands of jobs.

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  8. When the realignment comes at Usa Today, I hope the new guy figures out what to do with all the extra managers we have sitting around doing nothing. Starting from Susie Ellwood and Heather Frank to the newsroom executives in their jobs since Hunke's Tranformation Folly.

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  9. 9:46 you will be the first person to complain he does t respect "Founders!" You can't have it both ways

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