It's not for his health?

Most of us think of exercise as a way to stay in shape or to get into shape. This is not what executive vice president of People's United Financial Inc meant when he recently exercised options of about 96,746 shares of common stock, according to a SEC filing. I did the math for all of you who do not have a calculator available to you, it's value at about 1.8 million dollars.

On Oct 26, 2007, People's United Financial Inc. reported nine executives were granted stock options and restricted stocks valued at more than $133 million as part of two executive bonus plans.

• 133 other employees awarded more than 4 million shares, valued at more than $72.5 million
• Philip R. Sherringham, EVP and CFO, more than 1.29 million shares valued at $23.5 million
• Robert R. D'Amore, EVP, 844,823 shares valued at $15.2 million
• Brian F. Dreyer, EVP, 731,097 shares valued at $13.2 million
• William T. Kosturko, EVP and General Counsel, 519,891 shares valued at $9.4 million

John Klien, chairman, president and CEO, removed from the above list because he was awarded 2.45 million stocks and options valued at more than $44.4 million. Must be nice!!!

According to a recent FORBES article "In a Form 4 filed Wednesday with the SEC, Brian F. Dreyer reported he exercised Monday and Tuesday for $4.78 to $12.02 a piece and then sold a total of 99,148 shares on the same days for $17.89 to $18.29 a piece."

Now that's a secret to adding some muscles weight. Add that to part of your healthy diet.