Ynon Kreiz, as David Ellison’s right-hand man at the merged Paramount-Warner Bros. Discovery, is getting a big pay bump over his pay package as CEO of Mattel.
\n\nKreiz, 61, signed an initial five-year employment contract with Paramount. He starts Oct. 5, one day before Paramount is set to close its $111 billion merger with Warner Bros.
\n\nKreiz’s pay package in the first year at Paramount-WB (the official name has not been revealed) will total more than $46.5 million, the company disclosed in an SEC filing Thursday. That includes a one-time signing award of restricted stock units valued at $31.5 million.
\n\nBy comparison, as CEO of Mattel, Kreiz in 2025 received a total compensation package of $15.1 million (including at $1.6 million salary).
\n\nAt Paramount-WBD, Kreiz will receive an annual base salary of $5 million (as of the closing of the merger). He also is eligible for an annual bonus targeted at $4.9 million. In addition to the $31.5 million signing award of RSUs, he will receive 1.25 million shares of the company’s Class B Common Stock (the “pre-closing award”). Also, within 15 days following the WBD closing, Kreiz will be granted RSUs with an aggregate grant-date value of up to…
Original source: https://variety.com/