Mulberry awards top executives £3m share options The awards include more than £1m of shares to chief executive Bruno Guillon, whose previous options were "under water" - worthless - as a result of the dramatic price fall. The news is likely to anger investors in Mulberry, pictured, particularly given the board's reasoning that it has issued the options to "align management and shareholders interests." Mulberry's shares fell from highs of £24.72 in May last year to lows of 970.5p in November after a fall in demand from lucrative Asian markets. Over Christmas, the board granted 225,818 shares to senior employees, worth £2.83m based on Friday night's closing price of £12.57. The award included options over 83,964 shares to Mr Guillon, worth £1.05m, which will vest on June 30 2014 and be exercisable until July 1, 2019. Financial criteria for options to vest will be detailed in the company's annual report later in the year. His previous outstanding award of 200,670 shares - issued when Mulberry's shares stood at £18.89 - was exercisable at a price of £23.02, and were due to vest over three years from March 2014. A Mulberry spokes-man declined to comment.