Cumulus Media CEO Mary Berner's 2022 pay slips 17% to $5.5M
Cumulus Media reports 2022 executive compensation
By ExecPay News
Published: March 23, 2023
Cumulus Media reported fiscal year 2022 executive compensation information on March 23, 2023.
In 2022, three executives at Cumulus Media received on average a compensation package of $3.3M, a 17% decrease compared to previous year.
Average pay of disclosed executives at Cumulus Media
Mary G. Berner, Chief Executive Officer, received $5.5M in total, which decreased by 17% compared to 2021. 41% of Berner's compensation, or $2.3M, was in stock awards. Berner also received $1.8M in non-equity incentive plan, $1.5M in salary, as well as $2.7K in other compensation.
Francisco J. Lopez-Balboa, Chief Financial Officer, received a compensation package of $3M, which decreased by 18% compared to previous year. 40% of the compensation package, or $1.2M, was in stock awards.
Richard S. Denning, General Counsel, earned $1.3M in 2022, a 13% decrease compared to previous year.
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Source: SEC filing on March 23, 2023.