America West offers incentives to executives
Wed Aug 10, 2005 07:00 PM ET
WASHINGTON, Aug 10 (Reuters) - Doug Parker, the chief executive of America West Airlines (AWA.N: Quote, Profile, Research) , and other senior executives will receive stock options and other incentives to complete its planned merger with US Airways (UAIRQ.OB: Quote, Profile, Research) , America West said on Wednesday.
In a regulatory filing with the Securities and Exchange Commission, America West said Parker had received options to buy 500,000 shares of America West common stock at $8.65 per share. Those options will convert to options in the new US Airways and will vest over time. They will be canceled if the merger does not go through.
Additionally, Parker will receive 196,000 stock appreciation rights and more than 60,000 units of restricted stock if the merger goes through.
Wed Aug 10, 2005 07:00 PM ET
WASHINGTON, Aug 10 (Reuters) - Doug Parker, the chief executive of America West Airlines (AWA.N: Quote, Profile, Research) , and other senior executives will receive stock options and other incentives to complete its planned merger with US Airways (UAIRQ.OB: Quote, Profile, Research) , America West said on Wednesday.
In a regulatory filing with the Securities and Exchange Commission, America West said Parker had received options to buy 500,000 shares of America West common stock at $8.65 per share. Those options will convert to options in the new US Airways and will vest over time. They will be canceled if the merger does not go through.
Additionally, Parker will receive 196,000 stock appreciation rights and more than 60,000 units of restricted stock if the merger goes through.
