, the new CEO of Janus Capital Group, Inc
., announced in a conference call last month that he planned to set a corporate example with his pay package.
Not only would he take home considerably less than predecessor Mark Whiston
, who earned $4 million in 2003, but his compensation would be more closely tied to company performance.
Now details are out on that promise to tie pay to long-term incentives.
Scheid was granted 54,833 shares of restricted Janus stock with a four-year vesting schedule beginning next March. He was also granted 319,019 stock options with a 10-year term and $14.59 exercise price. One-fifth of the options vest annually, also beginning in March 2005.
Shares of Janus opened on the NYSE at $14.80 on Tuesday and have a one-year estimated target of $18.06.
Stay ahead of the news ... Sign up for our email alerts now