I would need more information to comment. Closing price for BAC and BBT on 12/31? You provided the number of shares. Also need the strike price for each. The real value is the market value minus the strike price times the number of shares. Or am I missing something? Just the number of shares does not tell me anything. I am not a financial guy. So, someone out here help me understand why I should react to just the number of shares.
Both of the options were issued at market price at some date near the date they were issued. These options were issued and good for a 10 year period so the math is simple. The real difference being only how many options were granted.
If each stock increases in value by $10 a share Ken Lewis would have options worth $2,000,000 and John Allison's options would be worth $2,530,000.
Thanks. I have worked for manufacturing companies who gave out stock options as a part of executive compensation. The options were never given at market price - always at a discount. And the discount varies by company.