LONDON - Barclays has granted nearly 32 million pounds, or about $53 million, in share awards to its top executives this year, the British bank disclosed on Tuesday.
The shares handed out include bonuses, so-called role-based pay and deferred compensation awarded as shares over the past five years.
The awards come as Barclays is facing criticism over its decision to increase its 2013 bonus compensation pool despite reporting a steep fourth-quarter loss and announcing that it would cut as many 12,000 jobs this year, or about 8 percent of its work force, as part of a restructuring that began in 2012.
The highest individual award went to Hugh E. McGee III, the bank’s chief executive for the Americas. He received shares valued at about £8.9 million, based on a price of 232.59 pence a share.
Eric Bommensath, the co-chief executive for corporate and investment banking, received shares valued at about £8.6 million, while Thomas King, the other co-chief executive for the investment bank, received shares valued at about £3.8 million.
Tushar Morzaria, the Barclays finance director, received shares valued at about £1 million.
Antony P. Jenkins, the Barclays chief executive, received shares equal to about £3.81 million based on long-term incentive pay from prior years.
He had a base pay of £1.1 million in 2013, but has said he would forgo a bonus for 2013 in light of the bank’s continued restructuring costs and litigation expenses. He declined to accept a bonus in 2012, as well.
In the fourth quarter, Barclays posted a loss of £514 million, driven partly by restructuring costs and litigation charges. That compared with a loss of £364 million in the prior-year period.
The bank increased its pool for bonuses and other incentives to £2.4 billion in 2013 from £2.2 billion the previous year. The bonus pool remained £1.1 billion lower than it was in 2010.
