Summary by Moomoo AI
On December 5, 2024, Paramount Global entered into an agreement with Doretha F. Lea, extending her term as Executive Vice President, Global Public Policy and Government Relations through December 31, 2028. The agreement maintains Ms. Lea's annual base salary at $1.0 million.Effective immediately, Ms. Lea's target annual cash bonus under the Short-Term Incentive Plan was increased to 110% of her base salary, subject to performance goals set by the Board's Compensation Committee. Additionally, the target value of her annual equity compensation grants under the Long-Term Incentive Plan was raised to $1.25 million.The full details of the agreement are expected to be filed with Paramount Global's Annual Report on Form 10-K for the fiscal year ending December 31, 2024.
