Nike Inc. gave CEO Mark Parker a restricted stock package with a value of $30 million. Sixty percent of Parker's $30 million stock award will be linked to
revenue and earnings-per-share growth from fiscal 2016 through fiscal
2020, according to the filing. He'll earn the remainder of the grant if
he's employed through June 30, 2020, the filing shows.
Parker, who has been Nike CEO since 2006, and with the company since 1979,
last month was endorsed by co-founder Phil Knight to succeed him as chairman next
year when he retires.
“In view of the company’s strong performance under Parker’s leadership, and to provide an incentive for Parker to stay for at least the next five years, on June 30, 2015, the committee granted to Parker the opportunity to earn a restricted stock unit award with a target value of $30m representing 277,727 shares of our Class B Stock based on the closing price on the grant date,” the company said.
