Gain Capital grants $7.5 million of stock to Directors and Senior Executives

Gain Capital Holdings Inc (NYSE:GCAP), parent of retail forex broker 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 $4.7 million, just about doubling his total holdings in the company to 1.1 million shares worth just over $10 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)

gainA 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.

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