Stilwell Financial announced today that it will give more than 6% of the shares in Janus, its subsidiary, to key employees. Stilwell currently owns 98% of Janus and Janus employees own the remaining 2%.
Stilwell will give two equity grants to roughly 180 management employees at Janus, with most of it going to the firms 65-member investment team, Stilwell said. The first will be a one-time grant of 5% and the second will be a yearly grant through Janus long-term incentive program. The two grants will have an estimated combined value of between $300 and $350 million, Stilwell said.