US: Coke gives stock options to Isdell
Coca-Cola Co has granted stock options to its new chief executive. In a filing late last week with the US Securities and Exchange Commission, the company said that it has awarded Neville Isdell 450,000 stock options and restricted stock worth around US$6.9 m on the grant date.
Isdell, who replaced Douglas Daft at Coke last month, will be able to exercise his stock options in four equal annual instalments at a price of US$48.89 per share, the filing said.
The options, which expire on 21 July 2014, were granted on Thursday last week, as was the restricted stock.
Last week, the company announced that earnings for the three months to 30 June reached US$1.58 bln, or US$0.65 per share, compared to a profit of $1.36 billion, or US$0.55 a share, in the corresponding quarter last year.
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