Countrywide’s Mozilo Exercises His Options

CALABASAS, Calif. – Angelo Mozilo, the founder and chief of Countrywide Financial, may not have a year like last year when he earned more than $150 million, but he may come close. The head of the world’s largest mortgage bank, exercised options for 70,000 shares last Friday at $9.60 each, then sold the shares for $41.46 each, netting $2.2 million, according to documents filed with the Securities and Exchange Commission. Mozilo has netted almost $7 million by exercising options over the past two weeks, and more than $82 million since the first of the year. Still, that’s down from last year, when he netted $119 million from cashing in his options, and almost $150 million in total compensation, making him one of the highest paid executives in the country.