President and CEO of Discovery David Zaslav speaks during the Discovery portion of the Television Critics Association (TCA) Summer Press Tour in Beverly Hills, California, U.S., July 25, 2019. REUTERS/Danny Moloshok
Discovery Inc (DISCA.O) Chief Executive Officer David Zaslav’s total pay package surged to about $246.6 million in 2021, a filing on Monday showed, with more than three-quarters of that coming from stock options.
Zaslav’s compensation rose more than 550% in 2021 and included option awards valued at $202.9 million.
The one-time options grant extends over seven years, at strike prices of $35.65 or greater, according to a Discovery spokesman, which means Zaslav would receive a payout only after fueling a substantial surge in the share price. Discovery’s stock closed Monday at $23.88.
Zaslav negotiated an extension of his employment contract in May, after Discovery announced its $43 billion acquisition of AT&T’s (T.N) WarnerMedia. The executive, who will lead the new Warner Bros Discovery, agreed to remain through December 2027.
The deal is on track to close in the second quarter this year. Last month, it passed the U.S. Department of Justice’s antitrust review, clearing another key hurdle toward finishing the deal.
Reporting by Chavi Mehta in Bengaluru and Dawn Chmielewski in Los Angeles; Editing by Devika Syamnath, Bernard Orr
This article was originally published by Reuters.
Ghada Ashour, who grew up in Gaza, becomes fifth scholar selected for FIA’s flagship scholarship initiative Dubai, UAE, 8th December, 2025: The FIA’s United Against Online Abuse (UAOA) Campaign has welcomed Ghada Ashour, a 24-year-old student from Palestine, to its flagship scholarship programme, created to empower the next generation of researchers in the fight against online abuse in sport. Ghada grew up in Gaza where she has been studying remotely until gaining her place on the UAOA scholarship, which brought her to Dublin City University (DCU), Ireland. Becoming the fifth scholar to join the scholarship, she was selected based on her interests in social media, and her strong passion for advancing insights in this area for the benefit of everyone participating in sport. Launched in 2023, the programme offers talented students and young professionals from diverse backgrounds the opportunity to engage in cutting-edge research on the impact, prevalence, and prevention of online abuse in sport with a focus on developing practical solutions. Funded by the FIA Foundation, the UAOA scholars have been selected to undertake invaluable research at DCU based on their project proposals, dedication to achieving positive social change, and their unique perspectives approaching this issue. Ghada’s thesis, which will be printed in English and translated into Arabic, will focus specifically on the …
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