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Kristina Schake named Executive Vice President, Global Communications of The Walt Disney Company
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"Kristina Schake, who joined Disney a little more than a year ago as EVP and Chief Communications Officer, is getting a pay raise and a contract extension.
In an SEC filing, the company said it made the moves due to an “increase in her responsibilities,” though it did not elaborate. Disney said it had amended the original employment agreement it reached with Schake as of June 29, 2022. The original expiration of her contract has been extended to June 29, 2026, a year longer than the original deal. Her base salary has also been boosted to $780,000 as of April 9 of this year, with “future increases at the company’s discretion,” according to the filing.
Schake’s target bonus award has also been increased to 150% of her base salary and her target long-term equity incentive annual award value upped to 350% of her base salary. A previous SEC filing said Schake’s initial salary was $725,000 and her total 2022 compensation reached $6.2 million including bonuses and stock awards."
Full article below.
deadline.com
In an SEC filing, the company said it made the moves due to an “increase in her responsibilities,” though it did not elaborate. Disney said it had amended the original employment agreement it reached with Schake as of June 29, 2022. The original expiration of her contract has been extended to June 29, 2026, a year longer than the original deal. Her base salary has also been boosted to $780,000 as of April 9 of this year, with “future increases at the company’s discretion,” according to the filing.
Schake’s target bonus award has also been increased to 150% of her base salary and her target long-term equity incentive annual award value upped to 350% of her base salary. A previous SEC filing said Schake’s initial salary was $725,000 and her total 2022 compensation reached $6.2 million including bonuses and stock awards."
Full article below.
Disney Communications Chief Kristina Schake Gets One-Year Contract Extension And Pay Raise Due To “An Increase In Her Responsibilities”
Kristina Schake, who joined Disney a little more than a year ago as EVP and Chief Communications Officer, is getting a pay raise and a contract extension. In an SEC filing, the company said it made…
deadline.com