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Nike Gives CEO Parker $30 Million Award to Stay for Five Years

2015-07-21 13:43:20| Footwear - Topix.net

Nike Inc. gave Chief Executive Officer Mark Parker a stock award valued at almost 10 times his typical annual share grant, on the condition that he work for the sporting-goods company for the next five years. Nike granted Parker, 59, restricted stock with a target value of $30 million, which he'll receive if he's employed through the award's vesting period, according to the Beaverton, Oregon-based company's July 20 proxy filing .

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Category:Consumer Goods and Services

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