Skydance’s David Ellison, Andy Gordon, Dennis Cinelli, Makan Delrahim Get Post-Merger Pay Bumps in Contract Extensions
The four executives are also eligible for annual equity awards in 2027, which will then increase in value in 2031 The post Skydance’s David Ellison, Andy Gordon, Dennis Cinelli, Makan Delrahim Get Post-Merger Pay Bumps in Contract Extensions appeared first on TheWrap .
Skydance executives David Ellison, Andy Gordon, Makan Delrahim, and Dennis Cinelli have received significant pay increases in their employment contracts following the merger with Warner Bros. Discovery. All four executives will remain in their roles until at least 2032. Ellison and Gordon will serve through August 7, 2031, while Delrahim will serve until October 6, 2031, and Cinelli until January 15, 2032.
Their base salaries and bonuses, as well as restricted stock awards, have been raised. Ellison's base salary and target annual bonus are now $5 million, while Gordon and Delrahim's salaries have each increased to $4 million. Their bonuses have also been increased to $2.6 million each, with specific RSUs and share awards detailed for each executive.
Starting in 2027, they will be eligible for additional annual equity awards valued at $5 million, $1.4 million, $4.4 million, and $1.25 million, respectively, with these amounts increasing to $20 million, $13.4 million, $12.5 million for the respective executives in 2031.
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