The big payday is a result of a new contract Feltheimer signed through 2018
Lionsgate CEO Jon Feltheimer‘s compensation figure hit $63.6 million in fiscal 2014, according to the proxy report that the company filed on Tuesday.
The studio chief’s apparent massive raise comes as a result of the new contract he signed last year, which lasts through 2018. The terms of compensation over the course of the new deal are required to be revealed in the proxy statement.
Feltheimer’s annual pay is $1.465 million, while his bonus hit $8.75 million. He has $11.65 million in Restricted Stock Units coming to him over the next four years, while his stock options could be worth $41.5 million should Lionsgate’s stock rise to $41.31 from its current price of $31.70.
In 2013, Feltheimer made $12.6 million, which was a 97 percent increase from the year before.
Lionsgate had revenue of approximately $2.6 billion in fiscal 2014, with the TV division rising 18 percent to a company-record $447.4 million. The film, “The Hunger Games: Catching Fire,” earned $865 million worldwide during the fiscal year, while the company boasts TV hits such as “Orange is the New Black” and “Mad Men,” among others.