This could be the magic number for employees paid in shares
Being rewarded for performance or loyalty with restricted stock units can help build wealth. But watch out for tax bill shock and consider limiting exposure to one company to 33 per cent of your wealth.
“These golden handcuffs are a way to retain good, high-quality staff,” financial adviser Colin Lewis says. Simon Letch
Craig Scroggie’s Instagram account suggests he likes fast cars. Fortunately, he has the pay packet to match.
The chief executive of data centre company NextDC is in line for a $112 million share windfall thanks to a generous long-term bonus deal he and other senior executives were granted in February. It means he could soon become one of the ASX’s highest-paid bosses.
Michelle BowesWealth reporterMichelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com
