Jon Feltheimer, chief executive officer of Lions Gate Entertainment Corp., was awarded $63.6 million in compensation last fiscal year, much of it in stock, making him one of the highest-paid entertainment executives.
Feltheimer, 62, received $1.47 million in salary, $11.7 million in stock awards, $41.5 million in options and an $8.75 million bonus for the year ended in March, according to a company filing yesterday. He received almost $200,000 in other pay, including almost $24,000 for club membership dues.
Media moguls like Feltheimer and CBS Corp. CEO Leslie Moonves, who got $67 million in 2013, are among the highest-paid executives in the U.S., benefiting from soaring share prices in recent years. Shares of Lions Gate, the studio that owns the “Twilight” and “Hunger Games” films and makes the “Mad Men” TV series, almost doubled in both 2012 and 2013.
Feltheimer, who has led Lions Gate since 2000, ranks as the most overpaid executive in a study of 373 companies by Graef Crystal, a pay expert and Bloomberg News consultant. His compensation is more than nine times over the market, based on the study, which takes into account company size, total return versus the Standard & Poor’s 500 Index in the latest fiscal year and tenure as chief executive.
About two-thirds of the value of Feltheimer’s compensation package came from the award of 2 million options at an exercise price of $26.55. One-fourth of those vested in May. The rest vest in equal tranches over the next three years.
In the filing, Santa Monica, California-based Lions Gate cited record earnings and said its total return has exceeded the New York Stock Exchange Composite Index and S&P Movies & Entertainment Index for the five years ended in March.
Peter Wilkes, a company spokesman, declined to comment beyond the filing.
Lions Gate fell 0.3 percent to $31.63 at 9:43 a.m. in New York. The stock is little changed this year.