iHeartMedia CEO Robert Pittman's 2021 pay jumps 65% to $8.8M
iHeartMedia reports 2021 executive compensation
By ExecPay News
Published: March 29, 2022
iHeartMedia reported fiscal year 2021 executive compensation information on March 29, 2022.
In 2021, five executives at iHeartMedia received on average a compensation package of $4.2M, a 57% increase compared to previous year.
Average pay of disclosed executives at iHeartMedia
Robert W. Pittman, Chief Executive Officer, received $8.8M in total, which increased by 65% compared to 2020. 70% of Pittman's compensation, or $6.1M, was in non-equity incentive plan. Pittman also received $1.5M in salary and $1.1M in other compensation.
For fiscal year 2021, the median employee pay was $63,686 at iHeartMedia. Therefore, the ratio of Robert W. Pittman's pay to the median employee pay was 138 to one.
Richard J. Bressler, Chief Financial Officer, received a compensation package of $7.7M, which increased by 34% compared to previous year. 80% of the compensation package, or $6.1M, was in non-equity incentive plan.
Michael B. McGuinness, Chief Financial Officer, earned $2M in 2021, a 117% increase compared to previous year.
Jordan R. Fasbender, General Counsel, received $1.7M in 2021.
Scott D. Hamilton, Chief Accounting Officer, earned $895K in 2021, a 107% increase compared to previous year.
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Source: SEC filing on March 29, 2022.