Warner Music Group Corp. CEO Stephen Cooper's 2022 pay jumps 80% to $19M
Warner Music Group Corp. reports 2022 executive compensation
By ExecPay News
Published: January 19, 2023
Warner Music Group Corp. reported fiscal year 2022 executive compensation information on January 19, 2023.
In 2022, three executives at Warner Music Group Corp. received on average a compensation package of $7.9M, a 23% increase compared to previous year.
Average pay of disclosed executives at Warner Music Group Corp.
Stephen Cooper, Chief Executive Officer, received $19M in total, which increased by 80% compared to 2021. 83% of Cooper's compensation, or $16M, was in stock awards. Cooper also received $3M in salary and $291K in other compensation.
For fiscal year 2022, the median employee pay was $62,800 at Warner Music Group Corp.. Therefore, the ratio of Stephen Cooper's pay to the median employee pay was 308 to one.
Eric Levin, Chief Financial Officer, received a compensation package of $3.1M, which decreased by 4% compared to previous year. 35% of the compensation package, or $1.1M, was in bonus.
Louis Dickler, Chief Financial Officer, earned $1.3M in 2022.
Warner Music Group Corp.'s fiscal year ends on September 30.
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Source: SEC filing on January 19, 2023.