MCAFEECFO received stock award prior to Intel's takeover

Source: Internet
Author: User
Keywords CFO Intel McAfee
Tags closed intel media media reports stock total
Beijing time August 21 morning news, according to foreign media reports, Intel acquired McAfee two weeks ago, McAfee CFO Jonathan Chadwick (Jonathan Chadwick) received a tens of thousands of share award from McAfee. Chadwick was awarded the shares after he was appointed McAfee CFO for about three months.  In Thursday, Intel announced the acquisition of McAfee at a price of $48 per share and a total of $7.7 billion.  The day before Intel's announcement, McAfee's shares were closed at $29.93 trillion, and in Friday the shares were closed at $47.03. The SEC's filing showed that, as part of its full package of remuneration, August 6, Chadwick received 97,500 per cent of its earnings and 125,000 per cent of its restricted shares.  McAfee shares were closed at $32.55 a day. This May, Chadwick was appointed by McAfee as cfo,6 month 14th.  According to the SEC's filing, Chadwick's stock award will be awarded in installments over the next 3 years, subject to his "continued service to McAfee before each grant date" and under McAfee's equity incentive plan.  Chadwick is likely to make a big profit from the rise in McAfee's share price following Intel's takeover. A McAfee spokeswoman said that Chadwick's shares would automatically be converted to the same-valued Intel shares after Intel had received McAfee. On the day of the merger with Intel, Chadwick's McAfee shares were valued at $48 per unit.  The spokesman noted that with Intel's stock price currently 19 U.S. dollars, Chadwick will acquire more Intel shares than the original McAfee shares to compensate for the value gap between the two, but the process of granting Chadwick shares will not be accelerated by the merger of the company. The acquisition of McAfee by Intel seems to have shocked the entire Wall Street.  Intel said the deal would help it integrate security into the handset chips. Prior to joining McAfee, Chadwick worked in Cisco for 13 years, working in finance. Scatterers)
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