Question for all I just dowloaded the Mangement Information Circular for HRT that was posted April 1st on Sedar. I was interested to see what the executive compensation was. There is a name on the management list that I have not seen before. Maria Emilia Rocha Mello de Azevedo. According to the circular she received a total compensation package of 4,905,694 BRL in 2012.
Can anyone enlighten me as to what she does? I haven't seen her name mentioned other than a very limited profile on the HRT website.
Another interesting bit of information that is in the management circular is:
"Marcio Rocha Mello exercised his first tranche in 2010. During 2011, he exercised the second, third, fourth and fifth tranches, each containing options to purchase 1204 shares. The sixth, seventh and eighth tranches were exercised in 2012. The last tranche of 1,203 (which became 60,150 shares after the split) remains unexercised.
It appears, at least on the surface, as if Mr. Mello has benefitted very well financially by exercising his options. It would be interesting to see what his net worth is from the company.