12. Glenn A. Britt, $13 million
Company: Time Warner Cable (TWC)
Options granted: 539,932*
Current stock price: $50.87
Value gained: $13.1 million
Last updated May 28 2010: 3:46 AM ET
*Mr. Britt received grants of 380,059 and 159,873 options with exercise prices of $23.48 and $34.24 on February 13 and August 3, 2009, respectively. Excludes an award of 5,427 options which was given as a replacement for options forfeited due to the separation with Time Warner Inc.
Note: Total value of options represent the intrinsic value of the awards. Intrinsic value was calculated by taking the difference between the stock price and the exercise price then multiplying it by the number of options awarded. All stock prices were taken as of May 21, 2010. The total value represents hypothetical gains, and the executive will not realize any actual value until the award is exercised. Equilar, an executive compensation research firm, looked only at options granted during the 2009 calendar year at public U.S. companies with revenue over $10 billion.
