Charter CEO Chris Winfrey’s Pay Tops $89M in First Year as Top Exec
Charter Communications CEO Chris Winfrey received a compensation package worth $89 million in 2023, up significantly from a $15.6 million package he received in 2022. Last year was Winfrey’s first full year as CEO of the cable giant, taking over at the end of 2022.
A Securities and Exchange Commission filing issued March 4 by Charter indicated Winfrey’s base salary for 2023 was $1.7 million, up from a year-earlier $1.35 million.
The bulk of Winfrey’s overall pay was in option awards, with the executive receiving $75 million in option awards, after taking home $12 million in 2020. He also received $8.7 million in stock awards, and $3.5 million in non-equity incentive plan comp.
Winfrey’s overall pay is tied to Charter’s new 5-year performance-based equity program for executive officers, which has yardsticks like stock performance and time-based vesting criteria to ensure compensation reflects share price gains for investors.
Tom Rutledge retired as Charter CEO in 2022 and took on the role of executive chairman,...
A Securities and Exchange Commission filing issued March 4 by Charter indicated Winfrey’s base salary for 2023 was $1.7 million, up from a year-earlier $1.35 million.
The bulk of Winfrey’s overall pay was in option awards, with the executive receiving $75 million in option awards, after taking home $12 million in 2020. He also received $8.7 million in stock awards, and $3.5 million in non-equity incentive plan comp.
Winfrey’s overall pay is tied to Charter’s new 5-year performance-based equity program for executive officers, which has yardsticks like stock performance and time-based vesting criteria to ensure compensation reflects share price gains for investors.
Tom Rutledge retired as Charter CEO in 2022 and took on the role of executive chairman,...
- 3/4/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
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