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SiriusXM Parent Company CEO Paid $20.2 Million in 2018

Greg Maffei
Andy Cross/The Denver Post via Getty Images

Greg Maffei

John Malone's Liberty Media, which owns audio entertainment giant SiriusXM, the Atlanta Braves baseball team and the Formula One racing circuit, on Thursday disclosed that president and CEO Gregory Maffei's 2018 compensation rose 2 percent to $20.2 million, compared with $19.8 million in 2017. 

He had made $16.9 million in 2016 and $12.1 million in 2015.

Liberty Media in a regulatory filing also disclosed the annual pay for chairman Malone. He made $1.1 million in 2018, up 38 percent from $797,082 in 2017 and compared with $747,156 in 2016.

Malone's compensation consisted of a salary of $2,925, up from $1,677 in 2017, "other compensation" worth $920,790, up from $570,733, and $215,628 in change in "pension value and nonqualified deferred compensation earnings," down from $224,672. The jump in the "other" category was driven by tax payments made by the company on behalf of Malone that were worth $642,598 in 2018, compared with $324,073 in 2017.

Maffei's salary climbed from $1.06 million to $1.11 million and his stock awards jumped from $1.7 million to $3.0 million, while his non-equity incentive plan compensation edged up to $6.4 million and his "other compensation" rose slightly to $416,179. However, his stock option awards fell from $10.2 million to $8.8 million. Like in 2017, Maffei didn't get a bonus in 2018. The filing also showed a $397,703 change in "pension value and nonqualified deferred compensation earnings," compared with $401,887 in 2017.

This article was originally published by The Hollywood Reporter.


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