Discovery Communications Inc. paid Chief Executive Officer David Zaslav $156 million in 2014, including $94.6 million in performance-based shares.
Zaslav received a $3 million salary, $50.5 million in stock appreciation rights that will vest over four years and a $6.08 million cash bonus, according to a filing from the Silver Spring, Maryland-based entertainment company. He got $1.94 million in other compensation, which included $1.5 million to his deferred pay plan, the filing shows.
The $94.6 million was comprised of performance-based restricted stock that will vest over time if Discovery achieves certain goals, according to the filing. Part of the grant was tied to the signing of a new, six-year employment agreement.
“Given the terms of the contract, Mr. Zaslav’s 2014 compensation reflected in the summary compensation table for 2014 shows a large one-time equity award to drive immediate shareholder alignment and encourage long-term ownership of our stock,” Discovery said in the filing.