Time Warner’s in a Giving Mood

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According to Securities and Exchange Commission filings, Time Warner Inc. awarded restricted stock to several executives, Dow Jones reported.

Chief executive Richard D. Parsons received restricted stock valued at $3.45 million and options on 500,000 common shares, according to the SEC filing.

Jeffrey L. Bewkes, chairman of Time Warner's entertainment and networks group, reported an award of 150,000 shares of restricted stock and 425,000 options on Time Warner common stock.

And executive vice president and chief financial officer Wayne Pace received 75,000 shares of restricted stock and 225,000 stock options.

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