Jon Feltheimer, chief executive officer of Lions Gate Entertainment Corp. (LGF:US), received $63.6 million in compensation last fiscal year, much of it in stock, to rank as one of the highest-paid entertainment executives.
Feltheimer, 62, received $1.47 million in salary, $11.7 million in stock awards, $41.5 million in options and an $8.75 million bonus for the year ended in March, according to a company filing (LGF:US) today. He received almost $200,000 in other pay, including almost $24,000 for club membership dues.
Media moguls like Feltheimer and CBS Corp. (CBS:US) CEO Leslie Moonves, who got $67 million in 2013, are among the highest-paid executives in the U.S., in part because of soaring share prices in recent years. Lions Gate, the studio that owns the “Twilight” and “Hunger Games” films and makes the “Mad Men” TV series, doubled in both 2012 and 2013.
About two-thirds of the value of Feltheimer’s compensation package came from the award of 2 million options at an exercise price of $26.55. One-fourth of those vested in May. The rest vest in equal tranches over the next three years.
Peter Wilkes, a company spokesman, didn’t immediately respond to requests for comment.
Lions Gate, based in Santa Monica, California, fell 0.6 percent to $31.71 at the close in New York. The stock is little changed this year.
To contact the reporters on this story: Rob Golum in Los Angeles at firstname.lastname@example.org; Caleb Melby in New York at email@example.com
To contact the editors responsible for this story: Anthony Palazzo at firstname.lastname@example.org Anne Reifenberg, Rob Golum