WPP boss given £5m in shares

WPP BOSS Sir Martin Sorrell was yesterday given £5.3m worth of shares as part of his firm’s incentive scheme.

He accepted 318,000 shares from the US part of the scheme worth £2.3m and has deferred collection of 404,000 shares from the UK part worth £3m.

Sorrell’s full remuneration package will be announced in WPP’s annual report in May but it is expected to include a basic salary of around £1m and a bonus of roughly £2m.

Last year he was given 562,000 shares through the Leadership Equity Acquisition Plan which would be worth £4.1m at today’s share price.