More than half the grant worth about $4.7 million went to CEO Glenn Stevens.
Gain Capital grants $7.5 million of stock to Directors and Senior Executives
Gain Capital Holdings Inc (NYSE:GCAP), parent of retail forex broker Forex.com and institutional brokerage GTX, has granted a total of more than 800,000 GCAP shares to CEO Glenn Stevens, CMO Samantha Roady, and a number of its Directors. The shares are currently worth around $7.5 million.
More than half the grant was made to Gain CEO Glenn Stevens. He gets 506,707 shares worth about .7 million, just about doubling his total holdings in the company to 1.1 million shares worth just over million.
Also getting shares were:
- CMO Samantha Roady (as we reported earlier, 131,000 shares worth $1.2 million)
- director Joseph Schenk (10,910 shares, $100,000)
- director Christopher Calhoun (143,217 shares, $1.3 million)
- director Peter Quick (22,502 shares, $207,000)
A series of SEC filings show that the shares, all received on January 5 or 6, were actually granted as a series of Restricted Stock Units between 2006 and 2009. The shares vested over a number of years – a practice common in companies which pay director or executive compensation in company equity – and were to be delivered to the recipients as soon as practicable on or after December 31, 2014.
David Hobart
David Hobart is Managing Director of FinAffiliates Limited, the UK media group behind LeapRate, AskTraders and a network of more than 30 financial and trading titles published across several languages and regulated markets. He writes on the commercial side of the industry: broker marketing, client acquisition, affiliate strategy and the editorial standards that hold it together. He is based in North Norfolk.
