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Rating:Janus Reveals Armour's Stock Grant Size Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, August 07, 2009

Janus Reveals Armour's Stock Grant Size

Reported by Armie Margaret Lee

Janus on Thursday afternoon revealed part of the compensation package to get Tim Armour on board as interim CEO. The Denver fund firm disclosed a restricted stock unit award to Armour.

Janus' board granted the 39,155 restricted stock shares on July 24. The shares vested of immediately. As of Friday morning, those shares were worth $550,910.

The grant came 10 days after Janus announced that Gary Black was stepping down as CEO and Armour was stepping in as interim chief.

The restricted stock units will be transformed to Janus common stock when Armour is no longer providing services to Janus. 

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