iHeartMedia CEO Robert Pittman's 2019 pay jumps 25,401% to $23M
iHeartMedia reports 2019 executive compensation
By ExecPay News
Published: April 28, 2020
iHeartMedia reported fiscal year 2019 executive compensation information on April 28, 2020.
In 2019, six executives at iHeartMedia received on average a compensation package of $8.4M, a 6% increase compared to previous year.
Average pay of disclosed executives at iHeartMedia
Robert W. Pittman, Chief Executive Officer, received $23M in total, which increased by 75% compared to 2018. 35% of Pittman's compensation, or $8M, was in stock awards. Pittman also received $5.3M in non-equity incentive plan, $7.6M in option awards, $1.4M in salary, as well as $529K in other compensation.
For fiscal year 2019, the median employee pay was $56,068 at iHeartMedia. Therefore, the ratio of Robert W. Pittman's pay to the median employee pay was 408 to one.
Richard J. Bressler, Chief Financial Officer, received a compensation package of $21M, which increased by 163% compared to previous year. 38% of the compensation package, or $8M, was in stock awards.
Steven J. Macri, Senior Vice President — Corporate Finance, earned $2.8M in 2019, a 5% increase compared to previous year.
Paul M. McNicol, General Counsel, received $1.9M in 2019.
Scott D. Hamilton, Chief Accounting Officer, earned $945K in 2019.
Michael B. McGuinness, Chief Financial Officer, received $938K in 2019.
Related executives
Robert Pittman
iHeartMedia
Chief Executive Officer
Richard Bressler
iHeartMedia
Chief Financial Officer
Paul McNicol
iHeartMedia
General Counsel
Michael McGuinness
iHeartMedia
Chief Financial Officer
Scott Hamilton
iHeartMedia
Chief Accounting Officer
Steven Macri
iHeartMedia
Senior Vice President — Corporate Finance
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Source: SEC filing on April 28, 2020.