FORMER Trinity Mirror chief executive Sly Bailey exercised nearly £1 million of share options after she left the Daily Record publisher in June, writes Greig Cameron.
The company's annual report reveals she used options to get almost 1,150,000 shares at no cost under Trinity Mirror's Deferred Share Award Plan for 2010, 2011 and 2012.
The options were exercised last November at a share price of £0.7925 for a value of £911,191.
The report said she received £339,000 of basic salary, an £896,000 payment for her loss of office, £114,000 into her pension and £5000 of other benefits.
New boss Simon Fox was given two performance share awards. His basic salary is £500,000 a year.
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