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The Discovery CEO earned over $246 million in 2021 thanks to Bumper stock options

Discovery President and CEO David Zaslav speaks during the Discovery portion of the Television Critics Association (TCA) Summer Press Tour in Beverly Hills
Discovery President and CEO David Zaslav speaks during the Discovery portion of the Television Critics Association (TCA) Summer Press Tour in Beverly Hills, California, U.S. July 25, 2019. REUTERS/Danny Moloshok

March 15, 2022

(Reuters) – David Zaslav’s total salary package, chief executive officer of Discovery Inc, rose to about $246.6 million in 2021, a filing showed on Monday, with more than three-quarters of that coming from stock options.

Zaslav’s compensation increased by more than 550% in 2021 and included $202.9 million in option awards.

According to a Discovery spokesperson, the one-time grant of the options will span seven years at exercise prices of $35.65 or more, meaning Zaslav would only receive a payout after the stock price has increased significantly. Discovery stock closed at $23.88 on Monday.

Zaslav negotiated an extension to his employment contract in May after Discovery announced AT&T’s $43 billion acquisition of WarnerMedia. The executive who will lead the new Warner Bros Discovery has agreed to stay until December 2027.

The deal is expected to close in the second quarter of this year. Last month, it passed the US Department of Justice’s antitrust review, clearing another key hurdle in closing the deal.

(Reporting by Chavi Mehta in Bengaluru and Dawn Chmielewski in Los Angeles; Editing by Devika Syamnath, Bernard Orr)

https://www.oann.com/discovery-ceo-made-over-246-million-in-2021-thanks-to-bumper-stock-options/?utm_source=rss&utm_medium=rss&utm_campaign=discovery-ceo-made-over-246-million-in-2021-thanks-to-bumper-stock-options The Discovery CEO earned over $246 million in 2021 thanks to Bumper stock options

DUSTIN JONES

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