AMC Theatres CEO Adam Aron Sees 2024 Pay Drop to $11.4 Million
The package marks a 55% decline from $25.4 million in 2023 The post AMC Theatres CEO Adam Aron Sees 2024 Pay Drop to $11.4 Million appeared first on TheWrap.
AMC Theatres CEO Adam Aron saw his total compensation fall to $11.35 million in 2024, down 55% from $25.4 million in 2023.
The package included a $1.5 million base salary, stock option awards of $5.44 million, non-equity incentive plan compensation of $4.38 million and $29,868 in “other” compensation, including $13,800 in 401(k) match contributions paid by the company and $16,068 in life insurance premiums.
The decline from 2023 was due to the value of his annual equity grant decreasing approximately 37%. Aron’s base salary and annual bonus opportunity did not change, resulting in a reduction in total compensation at a target of 25%.
The movie theater chain’s executive pay ratio was 974 to 1, with a median annual total compensation for all employees of $11,659.
In addition to Aron, chief financial officer Sean Goodman saw his total pay for 2024 fall 29% to $4.8 million, chief operations officer Daniel Ellis saw his pay dip 26.8% to $2.21 million and chief content officer Elizabeth Frank saw her pay tumble 38% to $2.03 million.
More to come…
The post AMC Theatres CEO Adam Aron Sees 2024 Pay Drop to $11.4 Million appeared first on TheWrap.
