RIM CEO's equity stake grows as board anchors pay to share price
Thorsten Heins, CEO of Research In Motion, sold 90,322 shares over the past year. However, appearances can be deceiving. The sales were automatic to pay tax when restricted share units (RSU) were converted into common shares. Mr. Heins now holds 96,473 common shares, up from 1,961 before his promotion. The board encouraged this significant boost through his initial CEO compensation package, which was 91 per cent in RSUs. More RSUs will vest over time. As a result, Mr. Heins’ fortunes are well tied to those of shareholders.