Sinclair Broadcast Group CEO Christopher Ripley's 2021 pay jumps 22% to $16M
Sinclair Broadcast Group reports 2021 executive compensation
By ExecPay News
Published: April 22, 2022
Sinclair Broadcast Group reported fiscal year 2021 executive compensation information on April 22, 2022.
In 2021, five executives at Sinclair Broadcast Group received on average a compensation package of $8M, a 19% increase compared to previous year.
Average pay of disclosed executives at Sinclair Broadcast Group
Christopher S. Ripley, Chief Executive Officer, received $16M in total, which increased by 22% compared to 2020. 39% of Ripley's compensation, or $6.1M, was in option awards. Ripley also received $46 of change in pension value and nonqualified deferred compensation earnings, $2M in non-equity incentive plan, $1.3M in salary, $6M in stock awards, as well as $12K in other compensation.
For fiscal year 2021, the median employee pay was $53,677 at Sinclair Broadcast Group. Therefore, the ratio of Christopher S. Ripley's pay to the median employee pay was 289 to one.
David D. Smith, Chairman, received a compensation package of $16M, which increased by 85% compared to previous year. 39% of the compensation package, or $6.1M, was in option awards.
Robert D. Weisbord, Chief Operating Officer, earned $3.4M in 2021, a 11% decrease compared to previous year.
Lucy A. Rutishauser, Chief Financial Officer, received $3.4M in 2021, which increases by 16% compared to 2020.
David B. Gibber, General Counsel, earned $2M in 2021.
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Source: SEC filing on April 22, 2022.