Discovery CEO’s Compensation Tripled in 2018 to $129 Million
By: Wall Street Journal
March 22, 2019
Discovery Inc. DISCB -1.47% Chief Executive David Zaslav received total compensation valued at $129.4 million in 2018, more than three times his compensation the year before, the company said in a securities filing Friday.
The compensation package makes Mr. Zaslav the highest paid U.S. executive of 2018, according to filings so far. His salary in 2018 remained flat at $3 million. The raise is largely the result of a substantial increase in stock-option awards tied to the contract extension Mr. Zaslav signed last year.
That employment agreement runs through 2023. The burst of options grants was accounted for in 2018; his annual compensation for the remainder of his deal will return to levels more consistent with earlier years, a company spokesman said.
Some articles require a paid subscription.
