Pfizer chief executive officer Ian Read got a batch of stock via two bonuses last week and then had a slice sold for withholding to pay the taxes on one of the awards, according to a filing with the Securities and Exchange Commission.
Read got 153,157 shares of restricted stock in a transaction dated Thursday and then got 75,251 in a performance bonus award that was dated Friday. You can read the SEC filing here.
According to the filing, Read sold 33,157 shares for $21.18 per share to satisfy the tax withholding obligation on the 75,251 shares. That amounted to $702,265.26.
At the end of all that trading, Read held 878,697 shares directly and 104,763 more shares indirectly through an employee benefit plan or a trust. Using Monday's closing price of $21.26, Read's 983,460 shares are worth $20.9 million.