First Data Returning CEO Gets 850,000 Stock Options
DOW JONES NEWSWIRES
November 29, 2005 6:55 p.m.
WASHINGTON -- First Data Corp. (FDC) awarded 850,000 stock options to Henry C. Duques, its returning chief executive.
The owner of Western Union and provider of credit card transaction services said in a filing with the Securities and Exchange Commission that Duques' stock options have an exercise price of $41.42 a share and expire on Nov. 26, 2010.
Greenwood Village, Colo.-based First Data announced in a press release Monday that 62-year-old Duques, who led the company from its initial public offering in 1992 until he stepped down as chief executive in 2002, would succeed Charles T. Fote, who is retiring for personal reasons.
Fote, who replaced Duques at the company's helm in 2002, will remain chairman until the end of the year and later continue to serve as director until the 2006 annual meeting and act as consultant for the next 18 months.
First Data shares closed at $44.23 apiece Tuesday, up 58 cents from Monday's close. |
