Endeavor Boss Ari Emanuel’s 2021 Pay Surged To $308M After Company’s IPO; $67.5M Of It Deemed “Recognized Compensation”

deadline.com:

Endeavor CEO Ari Emanuel’s 2021 compensation reached $308.2 million, at least on paper, thanks to the company’s initial public offering last April.In part of a set of SEC filings released Wednesday evening as the company reported fourth-quarter financial results, Endeavor said the “recognized compensation” was closer to $67 million.As with Discovery CEO David Zaslav, whose pay package was reported last week at $246.6 million, including a massive stock award, Emanuel’s potential payday is at the high end of media and even across all of corporate America.

Not all companies have finished reporting executive compensation for last year.Executive chairman Patrick Whitesell’s total compensation was $123.1 million, though the same caveats apply as with Emanuel.

Most of his pay is tied to post-IPO stock performance.Endeavor shares rose 7% today, closing at $29.80. While the stock hit an all-time high above $35 last December, it has mostly traded in the $27 to $29 range since the IPO.Emanuel and Whitesell each earned a base salary of $4 million.In the filing, Endeavor said it intends to “provide for meaningful alignment between the compensation for our named executive officers and value for our stockholders.” In support of that effort, it added, “a substantial portion of the pay delivered to named executive officers is at-risk and is in the form of annual cash incentive bonuses, stock options and restricted stock units.

In particular, our CEO and Executive Chairman received certain one-time performance-vesting restricted stock unit awards” tied to the IPO and execs’ long-term employment.“While such awards could result in substantial compensation to our executives, we believe they further align our CEO and Executive Chairman with