AceShowbiz - David Ellison, the CEO of Paramount, is set to receive a substantial compensation package valued at $150 million following the completion of the company’s merger with Warner Bros. Discovery.

According to a recent SEC filing, the package includes a $50 million cash award along with restricted stock units (RSUs) worth $100 million. These RSUs will vest over a five-year period in equal quarterly installments after the merger closes.

In addition to David Ellison, other top executives are also slated for significant awards tied to the merger. Paramount’s Chief Strategy and Chief Operating Officer, Andrew Brandon-Gordon, will be granted a $15 million cash bonus and RSUs valued at $23 million.

Chief Legal Officer Makim Delrahim is expected to receive a combined $25 million in cash and RSUs, split evenly between the two forms of compensation.

The cash components for all executives will be paid out in a single lump sum within 30 days following the merger’s closure. This move highlights the financial incentives tied to the major consolidation of Paramount and Warner Bros. Discovery, which is currently pending completion.

This compensation plan reflects the significant leadership roles these executives hold as the two media giants prepare to merge, signaling confidence in their ability to steer the combined entity forward.