|
DENVER (AP) - Two Qwest Communications International Inc. executives have received about $6.7 million worth of restricted stock in recognition of work achievements.
Chief Executive Officer Richard Notebaert was given 1 million shares and Chief Financial Officer Oren Shaffer was given 625,000 shares. The grants were made Thursday when Qwest closed at $4.15 a share and were disclosed Monday in a Securities and Exchange Commission filing. The shares can be sold in 2007 if the executives stay with the company at least until then.
"The board wants to reward their achievements," Qwest spokesman Chris Hardman said. "It's in the best interest of the company to deliver a compensation that created the right blend of incentives and performance recognition."
|