Vistra (VST) Chief Executive Officer James Burke's vested stock-based pay value soared to about $340 million from $43 million as he revived the Texas-based utility from the brink of bankruptcy nearly a decade ago, Reuters reported Monday.
Burke received stock options and restricted stock in 2016 with an estimated value of $4 million, the report said, citing disclosures with the US Securities and Exchange Commission.
The stock-based pay alone is now worth about $108 million, with Vistra shares trading around $210 each, according to the Reuters analysis.
Burke exercised some of his stock options this month, realizing over $35 million in gross proceeds, the reported added, citing company disclosures.
Vistra did not immediately respond to MT Newswires' request for comment on the matter.
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