- Martin Sorrell, CEO of advertising giant WPP (WPPGY), has gotten a stock award amounting to £41.6M (about $50.6M), the maximum under a reward plan tied to the company's rising stock price.
- The five-year reward program ended in 2016, and Sorrell's reward was down 34% from the prior year's £62.8M because he had pledged fewer shares to the program.
- The company's stock has gone up 169% over five years, well outpacing the FTSE 100, WPP says.
- Sorrell has become a bit of a lightning rod over executive pay, and about 33% of shareholders voted against his pay package last year.