You know who’s not having a terrible 2020 (financially, at least)? Lionsgate CEO Jon Feltheimer, who saw his overall compensation rise 67% from 2019 to $11.1 million.
Feltheimer’s “raise” (of sorts, his salary remained the same) came from a healthy bonus plus stock awards.
For fiscal 2020, just like the past few years, Feltheimer’s salary was a flat $1.5 million. His annual bonus soared from roughly $3.1 million in 2019 to $6.3 million in 2020.
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According to a Lionsgate filing with the SEC (Securities and Exchange Commission), Feltheimer earned $1.5 million apiece for both his stock and option awards in 2020. While his option awards technically declined year to year, the goose egg Feltheimer posted in 2019’s stock awards — the same as 2018 — made this year’s number have a massive impact.
Michael Burns, who serves as vice chair of Lionsgate, made about $6.4 million in fiscal 2020, up 23% from the $5.2 million he earned in 2019. Feltheimer and Burns are the two highest-paid Lionsgate executives.
While Feltheimer is enjoying better finances this year versus last, 2018 was a banner one compared to both. Thanks to $7 million in non-equity incentive plan compensation, Feltheimer made $14.4 million back then, all in.
Lionsgate stock (LGF) has ben steadily declining since early 2018, when shares traded as high as $35. On Wednesday morning, the Class A stock opened up under $8.
Read original story Lionsgate CEO Jon Feltheimer’s Pay Jumps 67% in 2020 to $11.1 Million At TheWrap