Barclays revealed today that it slashed the value of shares awarded to its top bosses this year following a drop-off in share price, handing new chief executive Jes Staley and others stock worth £8.7m – nearly half of the £16.4m announced in March of last year.
Barclays said the total number of shares awarded to directors and senior executives today was about 5.2m, compared to 6.5m last year.
The share price this year is £1.65 per share; it was £2.53p last year.
As a result, Barclays said the value of the average payout announced today is £954,000, versus £1.5m last year.
Staley, who took the reins of the lender last December, took home the biggest share package, with shares worth just under £1.8m.
Eight other top executives also received payouts.