SEC filing Warner Bros. Discovery Paramount David Ellison corporate governance executive compensation media mergers merger incentives

Paramount CEO David Ellison is set to receive awards totaling $50 million in cash and $100 million in stock, contingent on the closing of the company’s pending $110 billion merger with Warner Bros. Discovery.

In addition, Andy Gordon, Paramount’s Chief Strategy and Operating Officer, will receive a $15 million cash award and a $23 million stock award. Meanwhile, Makan Delrahim, the company’s Chief Legal Officer, will receive a $12.5 million cash award and a $12.5 million stock award.

The compensation details were disclosed in an amended 10-K filing with the U.S. Securities and Exchange Commission on April 24. All awards will be paid in a lump sum within 30 days of the merger’s closing. The restricted stock units will vest in equal quarterly installments over a five-year period following the deal’s completion.

These incentives follow Ellison’s $63.2 million in compensation for the period from the Skydance merger closing on August 7 to December 31, 2025. During the same period, Gordon received $48.5 million, while Delrahim earned $63.6 million.

Source: The Wrap
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