other material
confidence high
sentiment neutral
materiality 0.40
Charter CEO Winfrey gets new contract through 2028; Cox deal contingent equity awards approved
CHARTER COMMUNICATIONS, INC. /MO/
- Winfrey's base salary set at $2.5M; target bonus at 300% of base; term through Dec 1, 2028.
- Annual stock option awards of at least $23M grant date value starting 2027; top-up $6M option in Jan 2026.
- Severance equals 2.5x (base + target bonus) if terminated without cause or for good reason.
- Contingent equity awards for execs tied to closing of Cox transaction; grant value 1.5x annual LTIP target, 50% options/50% RSUs.
- Options vest on 4th anniversary; RSUs vest 50% at 2nd and 50% at 4th anniversary.