Sundar PichaiSundar Pichai earned $164M in 2023
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Perry A. Sook

Founder and CEO of Nexstar Media Group, Inc.

Education

Bachelor's degree in Business Administration from the University of Notre Dame

Field of Expertise

Media & Entertainment - Media

Born

January 1, 1965 - 60 years ago

Economy Sector

Communication Services

Current Tenure

29 years 1 month (Jan 1996 - Present)

Previous Experience

Founder and CEO of Nexstar Media Group, Inc.

Perry A. Sook is the CEO of Nexstar Media Group, Inc., a major player in the media industry. He holds a Bachelor's degree in Business Administration from the University of Notre Dame. Sook has been with Nexstar since its early...

Year

2023

Total Compensation

$58.63M

Salary

$3.00M

Board Justification

The compensation philosophy aims to attract and retain talented executives, aligning compensation with company performance and strategic goals.

Bonus

$4.90M

Board Justification

The bonus is based on a target of 200% of base salary, with actual payout determined by performance metrics including Adjusted EBITDA and Net Revenue, achieving 82% of target for 2023.

Other

$173.17K

Board Justification

Other compensation includes automobile allowances, life insurance premiums, 401(k) contributions, and reimbursement for personal aircraft use.

Restricted Stock

$50.56M(276.04K RSU)

Board Justification

The stock awards that vested in 2023 include 145,833 shares from performance-based RSUs and 130,208 shares from time-based RSUs.

Performance Metrics

The performance metrics for determining the CEO's compensation include Adjusted EBITDA and Net Revenue against budgeted targets.