Walt Disney (NYSE:DIS) more than doubled the pay of CEO Bob Chapek in 2021 - sending him into the post-Iger era more richly compensated, according to its SEC filings.
The company filed its proxy statement ahead of the annual shareholder meeting set for March 9.
Chapek's total compensation for 2021 went to $32.5 million, up from 2020's $14.2 million, according to the executive compensation disclosure. Of that, he received a salary of $2.5 million (up from $1.8 million), as well as $10.2 million in stock awards, $3.75 million in option awards, and $14.33 million in non-equity incentive compensation.
Chief Financial Officer Christine McCarthy also saw her pay nearly double, to $21.7 million total from 2020's $11 million.
Outgoing Executive Chairman Robert Iger drew the most compensation among named execs: his total compensation jumped to $45.9 million in 2021, from $21 million in 2020. Iger officially exited Disney as of Dec. 31.
Compensation for General Counsel Alan Braverman was $16.7 million; for Chief Communications Officer Zenia Mucha, it was $7.6 million; and for Chief Human Resources Officer M. Jayne Parker, it was $9.5 million.
At the annual meeting, the board is recommending votes for company proposals (electing 11 directors, ratifying its CPA and approving say-on-pay) but opposing five shareholder proposals, including calls for lobbying disclosures, lowering the threshold for calling a special meeting, a human rights diligence report, a race/gender pay-gap report, and a workplace nondiscrimination audit and report.