Jim Bernhard, president, CEO and chairman of the Shaw Group, has increased his stake in the company. According to a filing with the U.S. Securities and Exchange Commission, Bernhard bought 250,000 shares of Shaw stock Tuesday and Wednesday, paying between $25.39 and $26.24 per share. The moves increased his holdings in Shaw to 526,192 shares. Last week, Shaw gave Bernhard an option to buy 147,425 shares at $27.79 each. Those shares will vest in four annual installments, beginning in January 2011, and the option expires Oct. 30, 2019.
Bernhard buys $6.4 million in Shaw stock
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