The 2022 salaries for WWE Chairman Vince McMahon and WWE President and Chief Revenue Officer Nick Khan are now available to the public.
A new SEC filing revealed the information; McMahon’s salary has been set at be an annual rate of $2 million, compared to the $1.4 million he made in 2021, according to a 2021 proxy statement.
Meanwhile, Khan will bring in $1.2 million, which equals his 2021 salary. Additionally, his sign-on equity grant, which was previously noted to be $9 million, has risen to $7.5 million this year.
WWE's board of directors has given Vince McMahon and Nick Khan raises.
Vince's salary for 2022 will be $2.0M. In 2021, it was $1.4M.
If I understand right, Nick's second equity grant (part of his sign-on agreement), disclosed prior as $9M, increases by $7M, to $16M. pic.twitter.com/gs864Vm7Sk
— Brandon Thurston (@BrandonThurston) March 11, 2022
The official filing is as follows:
In connection with its annual review of executive compensation, the Company’s Compensation and Human Capital Committee approved certain changes (with the approval of all independent directors in the case of Mr. McMahon’s compensation), as described below.
The salary of Mr. Vincent McMahon, our Chairman and Chief Executive Officer, was set at an annual rate of $2 million. For calendar 2022 his target management incentive plan bonus was set at 250% of his salary and his grant of performance stock units has a target value of $11 million.
The salary of Mr. Nick Khan, our President and Chief Revenue Officer, was set at an annual rate of $1.2 million. For calendar 2022 his target management incentive plan bonus was set at 158% of his salary and his grant of performance stock units has a target value of $3.575 million. In addition, the second tranche of his sign-on equity grant, to be made in September 2022 as described in our prior filings, has been increased by $7.5 million.
The foregoing management incentive plan bonuses and performance stock units are governed by the terms of our 2016 Omnibus Incentive Plan. All equity grants are calculated using the average closing price of our Class A Common Stock over the thirty trading days preceding the effective date of the grant. Amendments to agreements necessitated by the foregoing compensation changes are being prepared and will be filed at a later date.
McMahon also made headlines recently for some of his comments during a rare interview on “The Pat McAfee Show”.
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