© Reuters. FILE PHOTO: Chairman and Chief Executive Officer of The Walt Disney Company Robert A. Iger poses at the annual AFI Awards luncheon in Los Angeles

(Reuters) – Walt Disney Co (N:) Chief Executive Officer Robert Iger earned stock grants worth as much as $149.6 million in 2018, including awards related to Disney’s purchase of film and television assets from Twenty-First Century Fox (O:), according to a regulatory filing on Friday.

The media and entertainment company reported that Iger’s compensation rose 80.9 percent to $65.6 million, excluding awards based on the Fox deal.

Last month, Iger agreed to certain adjustments to his compensation package, which ties his paycheck to the company’s performance, as it nears completion of the deal.

Disney suffered a rare rebuke from its shareholders last year when a 52 percent majority opposed the compensation of Iger and other executives in a non-binding vote.

The proxy filing released on Friday showed that Iger’s $65.6 million compensation for 2018 included $35.4 million in stock awards. That 2018 stock award figure rises to $149.6 million, assuming completion of the acquisition and the highest level of performance conditions are achieved, Disney said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link