Prince awarded $10.7m stock payout

Citigroup, which is due to announce full year results later today, awarded chairman and chief executive Charles Prince $10.7m (€8.3m) in stock as part of his 2006 compensation, up 11% on the previous year.

Prince received 195,250 restricted shares on January 16 at a closing price of $54.77, according to a regulatory filing posted yesterday.

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