BUSINESS

Merrill's Thain Gets $2.6 Million in Stock, Plus Options

03/28/2008 02:45 am ET | Updated May 25, 2011

Merrill Lynch's new Chief Executive John Thain has received about $2.6 million in restricted stock and nearly 43,000 options to replace shares he forfeited by leaving NYSE Euronext, according to U.S. regulatory filings.

Thain, who became Merrill chairman and CEO on Dec. 1, gets 46,304 shares of Merrill restricted stock that will vest over the next three years. Thain also received 42,815 stock options to replace forfeited NYSE Euronext stock-based compensation.

Read more on Reuters Via CNBC

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