MDC Partners has shelled out some hefty stock grants — signing bonuses, essentially — to attract some recent senior recent hires.
Among them is Dierdre McGlashan, who joined the company in February to serve in the newly created corporate role of Chief Media Officer. The company gave her a restricted grant of 100,000 shares, which will vest in three years. With some luck and hard work by the entire MDC Partners team, the stock price may b significantly higher than the current $3.76.
McGlashan joined from GroupM’s MediaCom, where she was Global Chief Digital Officer.
Also getting a grant is Michaela Pewarski, who joined the company just last week as its new investor relations head. She received 50,000 shares, which will vest in two equal installments two and three years from now.
Pewarski joined MDC from Afiniti, an artificial intelligence company, where she served as director of investor relations, financial planning & analysis and corporate development.
The company noted the grants are subject in each case to the employee’s continued employment through the vesting date. Those dates could be accelerated if, for example, the company terminates employment without cause, among other reasons.