AMC Networks CEO Josh Sapan's Pay Drops to $29.6M in 2017

Issue 3 BIZ Exec Suite Josh Sapan - H 2013
Adam Kraus

Issue 3 BIZ Exec Suite Josh Sapan - H 2013

The boss of the company behind 'The Walking Dead' had made $30.5 million in 2016.

AMC Networks CEO Josh Sapan received compensation worth $29.6 million in 2017, down 3 percent from $30.5 million in 2016.

The company behind The Walking Dead home AMC, IFC, Sundance Channel and WE tv disclosed his pay in a regulatory filing on Thursday.

Sapan had earned $17.7 million in 2015 after making $40.3 million in 2014, when he benefited from an amended and restated employment agreement that included a one-time special equity retention award.

Sapan's 2017 compensation package included an unchanged salary of $2 million and $14.3 million in stock awards (up from $13.2 million in 2016), as well as $13.2 million in "non-equity incentive plan compensation" (down from $15.1 million) and $150,785 in "other compensation" (down from $173,862).

AMC Networks COO Ed Carroll's compensation amounted to $10.3 million in 2017, down from $22.2 million in 2016. CFO Sean Sullivan's pay came in at $5.8 million, up from $5.5 million.

AMC Networks' stock rose 3 percent in 2017 even as Wall Street continued to debate weaker ratings for The Walking Dead and the company's ability to create new hit shows. Its earnings rose 74 percent, with adjusted earnings per share up 29 percent.