Paramount CEO David Ellison will receive a $50 million cash award and restricted stock units, or RSUs, valued at $100 million after the company’s merger with Warner Bros. Discovery closes.

In compensation actions “in connection with our pending merger with Warner Bros. Discovery,” the Paramount board said in an SEC filing, Chief Strategy and Chief Operating Officer Andrew Brandon-Gordon will receive a cash bonus of $15 million and RSUs valued at $23 million, and Chief Legal Officer Makim Delrahim $12.5 million each in cash and RSUs.

The cash will be paid in a single lump-sum within 30 days following the close. The RSUs will vest in equal quarterly installments over a five-year period following the close.

Ellison’s Skydance acquired Paramount in August of 2025. The exec said earlier this week the $31-a-share cash deal, valued at about $111 billion including debt, is on track to close in the third quarter.

The number of RSUs granted to each executive will be determined by dividing the dollar value by the 20 trading-day volume weighted average price of the Class B common stock as of the third business day immediately prior to the date on which the WBD transaction closes, but no less than $12 and no greater than $16.02, Paramount said.

The awards were included in Paramount’s amended 10k annual report filed with the SEC on April 24. That filing also included the previously reported 2025 pay package for Ellison ($63.2 million), ex-president Jeff Shell ($60.7 million) and other top executive officers.