Discovery CEO Received $246 Million in Compensation in 2021, Including Big Options Grant

Monday - 14/03/2022 22:16
David Zaslav’s compensation is the largest CEO pay package reported by an S&P 500 company so far this year
Around the time of the Discovery-WarnerMedia merger last year, Discovery CEO David Zaslav signed a new contract that runs through 2027, a securities filing shows. PHOTO: DANNY MOLOSHOK/REUTERS
Around the time of the Discovery-WarnerMedia merger last year, Discovery CEO David Zaslav signed a new contract that runs through 2027, a securities filing shows. PHOTO: DANNY MOLOSHOK/REUTERS

Discovery Inc. DISCB -3.60% Chief Executive David Zaslav received total compensation valued at $246.6 million in 2021, including nearly $203 million in options grants, more than sextupling his compensation from the year before, the company said in a securities filing Monday.

Mr. Zaslav’s compensation package is the highest CEO pay reported by any S&P 500 company so far this year, according to a Wall Street Journal analysis of data from securities filings provided by MyLogIQ LLC.

Mr. Zaslav’s salary was flat at $3 million. The increase in compensation stems largely from a massive grant of stock options on the eve of last year’s announcement Discovery’s plans to merge with AT&T Inc.’s WarnerMedia.

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