Washington Post
publisher Katharine Weymouth stands to receive up to 42,500 shares in restricted stock awards by 2018 if she meets her performance goals,
the
Washington City Paper
reported,
citing an SEC filing by the Washington Post Co. According to the
City Paper
report, if the company stays around its current stock price, the amount could be about $15.4 million. If the stock loses half its value, she could make more than $7 million.
The
City Paper
article said the amount is a huge increase over the 7,500 shares Weymouth has received since 2009. The report also said the company declined to answer questions about what Weymouth needs to do to earn the stock awards.
The
City Paper
report noted that Weymouth was criticized by
Post
employees when it was revealed that she made more than $2 million in 2010. In 2011, as the paper prepared to offer buyouts to employees, she made $1.9 million, the article said. (Source: Washington City Paper, June 12, 2012.)
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