Lionsgate CEO Jon Feltheimer’s Pay Jumped Over 70% To $19M In FY 2021 – Deadline

Lionsgate CEO Jon Feltheimer saw his total compensation rise by 73% to $19.2 million for the company’s fiscal year ended in March on a bigger bonus and higher option awards.

The executive earned $11.1 million the year before, according to a proxy statement filed Thursday with the SEC that lists salaries of a company’s top five highest paid execs.

His base salary of $1.5 million was unchanged. His bonus was bumped to $10 million from $6.3 million and his option awards to $6.7 million from $1.5 million. Stock awards fell by about half to $700,000.

Vice chair Michael Burns earned $8.5 million from about $6.4 million.

The proxy noted new employment agreements with Feltheimer, Burns and general counse Corri Berg during fiscal 2021. “Accordingly, the compensation for these executives reported in the table for such fiscal year was significantly higher than the compensation reported for the other fiscal years covered by the table. The increase was also higher, in part, due to the inclusion in fiscal 2021 compensation of equity awards granted for fiscal 2020.”

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Source: Deadline

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