NEW YORK (AP) — Two years after granting CEO Leslie Moonves (MOON-vehz) a bundle of stock options as a bonus for signing a long-term contract, CBS Corp. is giving him another signing bonus after extending his contract through the middle of 2017.
After redoing his contract on Monday, the 63-year-old executive received another bonus package. The first installment was due Thursday, when he was to receive $7.5 million worth of stock options. In 2013, he is entitled to restricted stock units that will be valued at $14.5 million on the day they are issued.
The one-time stock grants come on top of an annual salary of $3.5 million and a target bonus of $12 million per year.
The details of the signing bonus were laid out in a securities filing on Thursday.