Pascal Houillon, chief executive of Sage North America, has received a grant of 369,181 shares of Sage stock. At the current market price, the shares have a value of about $1.7 million. However, it takes a few years for all to vest. Houillon got the grant as a member of the executive committee. Since he is not a Sage Group director. Houillon’s salary does not become public. Other news of interest, but not terribly important to most of us, was that Lloyd’s Bank Group filed a noticed that its stock holdings have increased and are now about 6 percent of Sage’s shares.