Barclays almost half the value of shares could be delivered to its top executives this year due to a drop in stock price, delivery shares worth 8.7 million pounds (12 million dollars) compared to 16.4 million pounds the previous year.
The new Barclays CEO Jes Staley was the largest payment with shares worth just under 1.8 million pounds, consisting of its allocation which is based on roles and payments of purchase of shares forfeited to employers above.
Day annual payment in Barclays, announced Tuesday, includes various role-based plans, including allowances in the first quarter of incentives, vesting of shares delivered the last three years and the bonuses paid this year in shares.
The shares were above nine executives of the bank, compared with 11 who received shares in 2015 following the exits. Much of the decrease in the total value of shares granted is due to stock price sinking bank in the past year. The shares delivered to senior executives were worth 1.65 pounds each, according to the bank, below 2.53 lbs a year ago.
Barclays said on March 1 that it would sell its business in Africa as part of a plan to simplify the structure of the bank and seek higher returns for shareholders, after reporting a drop in profits of 2 percent to cut its dividend.
