3 weeks ago
Paramount CEO David Ellison will person a $50 cardinal rate grant and restricted banal units, aliases RSUs, weighted astatine $100 cardinal aft nan company’s merger pinch Warner Bros. Discovery closes.
In compensation actions “in relationship pinch our pending merger pinch Warner Bros. Discovery,” nan Paramount committee said successful an SEC filing, Chief Strategy and Chief Operating Officer Andrew Brandon-Gordon will person a rate prize of $15 cardinal and RSUs weighted astatine $23 million, and Chief Legal Officer Makim Delrahim $12.5 cardinal each successful rate and RSUs.
The rate will beryllium paid successful a azygous lump-sum wrong 30 days pursuing nan close. The RSUs will vest successful adjacent quarterly installments complete a five-year play pursuing nan close.
Ellison’s Skydance acquired Paramount successful August of 2025. The exec said earlier this week nan $31-a-share rate deal, weighted astatine astir $111 cardinal including debt, is connected way to adjacent successful nan 3rd quarter.
The number of RSUs granted to each executive will beryllium wished by dividing nan dollar worth by nan 20 trading-day measurement weighted mean value of nan Class B communal banal arsenic of nan 3rd business time instantly anterior to nan day connected which nan WBD transaction closes, but nary little than $12 and nary greater than $16.02, Paramount said.
The awards were included successful Paramount’s amended 10k yearly study revenge pinch nan SEC connected April 24. That filing besides included nan antecedently reported 2025 salary package for Ellison ($63.2 million), ex-president Jeff Shell ($60.7 million) and different apical executive officers.
