Barclays halves shares awarded to top executives

Barclays almost halved the value of shares awarded to its top executives this year due to a share price fall, handing them stock worth $12.3m compared with $23.1m a year earlier.

Reuters reports that new Barclays chief executive Jes Staley got the biggest payout with shares worth just under $2.54m, made up of his role-based allowance and a buyout payment for shares forfeited from previous employers.

Barclays' annual payday, announced on Tuesday, covers various incentive schemes including role-based "allowances" from the first quarter of the year, the vesting of shares awarded in the last three years, and bonuses paid this year in shares.

To access the complete Reuters article hit the link below:

Barclays cuts shares awarded to top executives to $12 million

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