iHeartMedia CFO Richard Bressler's 2020 pay jumps 603% to $5.7M
iHeartMedia reports 2020 executive compensation
By ExecPay News
Published: March 18, 2021
iHeartMedia reported fiscal year 2020 executive compensation information on March 18, 2021.
In 2020, five executives at iHeartMedia received on average a compensation package of $2.7M, a 68% decrease compared to previous year.
Average pay of disclosed executives at iHeartMedia
Richard J. Bressler, Chief Financial Officer, received $5.7M in total, which decreased by 73% compared to 2019. 39% of Bressler's compensation, or $2.2M, was in stock awards. Bressler also received $2.2M in option awards, $1.3M in salary, as well as $6.5K in other compensation.
For fiscal year 2020, the median employee pay was $61,077 at iHeartMedia. Therefore, the ratio of Richard J. Bressler's pay to the median employee pay was 93 to one.
Robert W. Pittman, Chief Executive Officer, received a compensation package of $5.3M, which decreased by 77% compared to previous year. 42% of the compensation package, or $2.2M, was in stock awards.
Paul M. McNicol, General Counsel, earned $957K in 2020, a 50% decrease compared to previous year.
Michael B. McGuinness, Chief Financial Officer, received $942K in 2020, which is about the same as previous year.
Scott D. Hamilton, Chief Accounting Officer, earned $433K in 2020, a 54% decrease compared to previous year.
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Source: SEC filing on March 18, 2021.