Sinclair Broadcast Group CEO Christopher Ripley's 2018 pay jumps 306% to $7.5M
Sinclair Broadcast Group reports 2018 executive compensation
By ExecPay News
Published: April 29, 2019
Sinclair Broadcast Group reported fiscal year 2018 executive compensation information on April 29, 2019.
In 2018, six executives at Sinclair Broadcast Group received on average a compensation package of $4.2M, a 69% increase compared to previous year.
Average pay of disclosed executives at Sinclair Broadcast Group
Christopher S. Ripley, Chief Executive Officer, received $7.5M in total, which increased by 306% compared to 2017. 30% of Ripley's compensation, or $2.2M, was in option awards. Ripley also received $4.3K of change in pension value and nonqualified deferred compensation earnings, $1.9M in non-equity incentive plan, $1.3M in salary, $2M in stock awards, as well as $64K in other compensation.
For fiscal year 2018, the median employee pay was $52,250 at Sinclair Broadcast Group. Therefore, the ratio of Christopher S. Ripley's pay to the median employee pay was 143 to one.
David D. Smith, Chairman, received a compensation package of $7.4M, which increased by 11% compared to previous year. 30% of the compensation package, or $2.2M, was in option awards.
Steven M. Marks, Chief Operating Officer, earned $6.1M in 2018, a 365% increase compared to previous year.
Barry M. Faber, General Counsel, received $1.6M in 2018, which decreases by 29% compared to 2017.
Lucy A. Rutishauser, Chief Financial Officer, earned $1.5M in 2018, a 26% increase compared to previous year.
Robert D. Weisbord, President / Broadcast & Chief Advertising Revenue Officer, received $1.1M in 2018.
Related executives
David Smith
Sinclair Broadcast Group
Chairman
Christopher Ripley
Sinclair Broadcast Group
Chief Executive Officer
Lucy Rutishauser
Sinclair Broadcast Group
Chief Financial Officer
Barry Faber
Sinclair Broadcast Group
President / Distribution Network Relations
Steven Marks
Sinclair Broadcast Group
Chief Operating Officer
Robert Weisbord
Sinclair Broadcast Group
Chief Operating Officer
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Source: SEC filing on April 29, 2019.