's slice of BlackRock
] is going to get a bit bigger.
Alexis Leondis of Bloomberg reports
that the New York City-based ETF giant and mutual fund shop awarded its chief with $7.65 million in BlackRock shares that vest over three years, starting in January 2014. Another $4.75 million in shares will go to Fink, contingent on performance.
According to the wire service, that $12.4 million in total equity compensation for Fink in 2012 is a 14 percent jump from 2011. BlackRock's share price climbed 16 percent in 2012.
Neil Anderson, Managing Editor
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