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Discovery Communications president and CEO David Zaslav’s 2016 pay package amounted to $37.2 million, up 14.8 percent compared with his 2015 compensation of $32.4 million.
Zaslav’s compensation was disclosed in a regulatory filing after the stock market close on Wednesday. Discovery’s stock rose 3 percent last year. Discovery’s earnings per share increased 24 percent in 2016, with adjusted earnings per share up 21 percent.
The executive’s salary of $3.0 million was down from $3.1 million in 2015, while his stock awards rose from $11.3 million to $15.1 million and his options awards rose from $10.5 million to $11.1 million. Non-equity incentive plan compensation of $7.5 million compared with $6.9 million in 2015.
Zaslav’s “other compensation” dropped from $592,671 to $442,532. That included $302,608 for his personal aircraft use, including for family travel, and $16,371 for “tax gross-ups for business associate/spouse travel at the request of the company that is not considered business use.” The figure also includes $16,800 for a car allowance, $667 for home office expenses and $54,326 for personal security services.
Zaslav had made $156.08 million in 2014, which had been boosted by big one-time awards, $33.3 million in 2013 and $49.9 million in 2012.
The 2014 value of Zaslav’s compensation package was one of the biggest in corporate America in recent years as the head of the cable networks company got big stock and options awards for signing a new long-term employment contract in January 2014 designed to keep him at Discovery through 2019.
Among other top Discovery executives, Discovery International Networks CEO JB Perrette made $11.6 million last year, up 57 percent from $7.4 million. His pay increase was partially due to Perrette’s new local contract in the U.K., which came with a big one-time performance-based stock grant.
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