Sapan, Carroll Get Big Pay Hikes at AMC Networks

By
( )
published

Big stock awards helped give big pay boosts to the top executives at AMC Networks, CEO Josh Sapan (pictured) and COO Ed Carroll.

Sapan’s total compensation jumped to $30.5 million in 2016 from $17.7 million in 2015, according to the company’s annual proxy statement, released Thursday. In 2014, Sapan’s compensation was $40.3 million.

Included in Sapan’s pay was $13.2 million in stock awards and $15.1 million from AMC’s non-equity incentive plan.

Carroll’s compensation rose to $22.2 million from $7.7 million in 2015. He received $5.6 million in 2014.

Included in Carroll’s pay was $5.3 million from the non-equity incentive plan and $15.2 million in stock awards. Only $2.5 million of ths stock award pays out this year, the rest was part of a one-time retention award that was part of a new employment agreement that vests in five years.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.