New Media Investment Group CEO Michael Reed receives $7.7M in 2021
New Media Investment Group reports 2021 executive compensation
By ExecPay News
Published: April 27, 2022
New Media Investment Group reported fiscal year 2021 executive compensation information on April 27, 2022.
In 2021, two executives at New Media Investment Group received on average a compensation package of $4.7M, a 155% increase compared to previous year.
Average pay of disclosed executives at New Media Investment Group
Michael E. Reed, Chief Executive Officer, received $7.7M in total. 78% of Reed's compensation, or $6.1M, was in stock awards. Reed also received $767K in non-equity incentive plan and $900K in salary.
Douglas E. Horne, Chief Financial Officer, received a compensation package of $1.8M, which decreased by 6% compared to previous year. 34% of the compensation package, or $600K, was in salary.
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Source: SEC filing on April 27, 2022.