Cumulus Media CEO Mary Berner's 2023 pay slips 17% to $4.5M
Cumulus Media reports 2023 executive compensation
By ExecPay News
Published: March 29, 2024
Cumulus Media reported fiscal year 2023 executive compensation information on March 29, 2024.
In 2023, three executives at Cumulus Media received on average a compensation package of $2.7M, a 18% decrease compared to previous year.
Average pay of disclosed executives at Cumulus Media
Mary G. Berner, Chief Executive Officer, received $4.5M in total, which decreased by 17% compared to 2022. 37% of Berner's compensation, or $1.7M, was in stock awards. Berner also received $1.4M in non-equity incentive plan, $1.5M in salary, as well as $2.7K in other compensation.
Francisco J. Lopez-Balboa, Chief Financial Officer, received a compensation package of $2.4M, which decreased by 19% compared to previous year. 35% of the compensation package, or $841K, was in stock awards.
Richard S. Denning, General Counsel, earned $1.1M in 2023, a 17% decrease compared to previous year.
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Source: SEC filing on March 29, 2024.