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Stock impact report

Comcast Extends Mike Cavanagh's Contract, Grants $35M In Stock Awards As Exec Set To Become Co-CEO [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
The contract secures Cavanagh's employment through January 1, 2029, the company said in an SEC filing. Cavanagh will be entitled to an annual base salary of $2.75 million and his annual performance-based cash bonus target will continue to be 300% of his base salary. Cavanagh also received an award of performance-based restricted stock units valued at approximately $35 million. More from Deadline Lizzie Avery Dies: Long-Serving NBCUniversal TV Sales Exec Was 54 Peacock "Arrival Ads", AI-Enabled Contextual Targeting For Live Sports Among NBCUniversal Ad Innovations Due At CES 'SNL' Stays Silent On Alleged AI Image During Trump Story On Weekend Update The number of shares was determined by using a five-day volume weighted-average price of Class A common stock for the period ending the day before the record date for the planned Versant spin-off , an initiative he spearheaded. The performance award will vest in three years pegged to satisfying some time-based and performance-ba Show less Read more
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