Bloomberg News

BlackRock CEO Fink Receives Stock Award Valued at $10.9 Million

January 24, 2012

Jan. 24 (Bloomberg) -- BlackRock Inc., the world’s biggest money manager, awarded Chief Executive Officer Laurence D. Fink $10.9 million in total equity compensation, according to a regulatory filing today.

Fink’s award includes 39,056 shares, valued at $7.2 million, based on the Jan. 20 average share price of $183.71, New York-based BlackRock said in today’s filing. BlackRock awarded Fink additional shares, subject to certain performance goals, valued at $3.75 million, according to the filing.

Fink’s total equity compensation fell 16 percent from a year earlier, when he received $12.9 million. The firm hasn’t disclosed Fink’s total compensation for 2011. BlackRock paid him $23.8 million in 2010.

Under Fink, who co-founded BlackRock in 1988, the firm made its largest acquisition on Dec. 1, 2009, buying Barclays Global Investors for $15.2 billion. The deal more than doubled assets under management.

--Editors: Josh Friedman, Steven Crabill

To contact the reporter on this story: Sree Vidya Bhaktavatsalam in Boston at sbhaktavatsa@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net -0- Jan/24/2012 22:20 GMT


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