Top Ranked Nonbank Gives Stock Grants to Four Executives

PHH Corp. has granted performance-based restricted stock to four of its top executives, including CEO Glen Messina.

The awards, revealed in a recent filing with the Securities and Exchange Commission, come at a time when the nonbank’s share price is nearing its 52-week high of $23. (Its low is $9.) In a few weeks, the Mount Laurel, N.J.-based PHH will release third quarter earnings.

Others receiving the stock grants include president David E. Tucker, executive vice president George Kilroy, and chief financial officer Robert Crowl.

Messina stands to gain the most with 73,891 units, followed by Tucker (22,068), Kilroy (17,718) and Crowl (12,807).

PHH is the parent company of PHH Mortgage, the nation’s seventh largest residential lender.