Stock awards can increase significantly in value from when they are granted to when they are vested, or cashed in. Mr Fink is also entitled to about $50.8m in stock awards that have not yet vested. Under the SEC’s disclosure guidelines, which exclude some performance-based stock awards made in January 2020, Mr Fink’s pay fell to $24.3m, down 8.3 per cent on 2018, but he retains his position as the asset management industry’s best paid CEO. This modest increase came after a year when BlackRock attracted investor inflows of $429bn, a record for new annual business across the fund industry. This can lead to differences with the “headline” pay figures reported by companies.īlackRock awarded a 5 per cent pay rise last year to Larry Fink, taking total remuneration for the head of the world’s largest asset manager to $25.3m, ahead of all industry rivals. The US regulator specifies that annual remuneration disclosures should include all cash earnings and equity-based incentive payments made in a particular year, even if some of these awards are based on performance in another period. The pay awards reported here are public data based on the Securities and Exchange Commission’s disclosure guidelines. Annual remuneration and performance bonuses
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