Barclays has paid out a total of almost £16.5m in shares from deferred bonus schemes and new awards to its senior management.
The Financial Times reports the payout has come in at half the amount Barclays paid last year, after the bank came in for criticism for increasing bonuses in 2013.
The biggest share award was made to Barclays’ head of investment banking Tom King, who received 1.86m shares worth about £4.7m.
Barclays chief executive Antony Jenkins received almost 1.7m in shares worth about £4.3m, as part of a total pay package of £5.5m. This is the first bonus Jenkins has taken in three years.
The awards have come from bonuses built up over the last five years, and “role-based allowances” designed to get around the European bonus cap which limits bankers’ bonuses to 100 per cent of pay, or 200 per cent with shareholder approval.
Barclays revealed earlier this month it had set aside an extra £750m in relation to foreign exchange manipulation. The bank made a pre-tax profit of £2.3bn in 2014, down 21 per cent from £2.9bn the previous year.