(Bloomberg) -- Morgan Stanley leaders got performance-based stock awards Monday that have more than doubled in value since they were granted three years ago -- the biggest payout yet under a bonus program adopted after the financial crisis.
Chief Executive Officer James Gorman's receipt of 113,510 shares, disclosed in a filing, is about 6% more than what the board originally targeted, after the firm beat a goal for shareholder returns and missed one for profitability. Gorman's shares were valued at $4.1 million on Monday, up from $1.94 million when they were awarded as part of a 2011 bonus.
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