Compensation and Benefits

Aetna Scales Back Stock Bonus Eligibility

HARTFORD — Aetna is scaling back on who qualifies for stock-based performance incentives, with not quite 20 percent of the managers who used to receive these kinds of bonuses losing eligibility in 2017.

In 2015, according to a regulatory filing, Aetna spent $180.6 million on stock-based compensation, up from 163.8 million the year before. The figure for 2016 is not yet available.

About 10 percent of the workforce had been receiving stock-based compensation. The company is no longer granting stock options, but it does offer some employees the right to buy stock in the future at the price the stock had at the time of the grant, known as "stock appreciation rights."...