According to a form filed with the SEC, Disney CEO Robert Iger received as part of his new position on Apple’s board of directors 142 restricted shares that vest next February, reports “CNNMoney.”
At Apple’s closing price of $388.83 Tuesday, the day the shares were issued, the grant was worth $55,213.86 That’s comparable to the grants offered other Apple directors. When Andrea Jung joined the board in January 2008, she received 3,000 restricted shares, but those shares had a strike price ($180.05) and took three years to become totally vested. Read more at http://tech.fortune.cnn.com/2011/11/18/disneys-chairman-gets-his-apple-shares/?section=magazines_fortune&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmagazines_fortune+%28Fortune+Magazine%29 .
Earlier this week it was announced that Iger, president and CEO of The Walt Disney Company, will join Apple’s board and will serve on the audit committee. He’s also a member of the board of directors for the National September 11 Memorial & Museum and Lincoln Center for the Performing Arts. Iger became a board member of the US-China Business Council in June 2011.
— Dennis Sellers