WWE Chairman’s 2022 Salaries Vince McMahon and WWE Chairman and Chief Revenue Officer Nick Khan are now publicly available.
A new SEC filing revealed the information; McMahon’s salary was set at an annual rate of $2 million, up from the $1.4 million he earned in 2021, according to a 2021 proxy statement.
Meanwhile, Khan will bring in $1.2 million, which is equal to his 2021 salary. Additionally, his signing grant, which was previously valued at $9 million, has increased to $7.5 million this year.
The official file is as follows:
As part of its annual review of executive compensation, the Company’s Compensation and Human Capital Committee approved certain changes (with the approval of all independent directors in the case of Mr. McMahon’s compensation), as described below.
The salary of Mr. Vincent McMahon, our Chairman and Chief Executive Officer, has been set at an annual rate of $2 million. For calendar year 2022, his management incentive plan target bonus was set at 250% of his salary and his performance share unit award has a target value of $11 million.
The salary of Mr. Nick Khan, our President and Chief Revenue Officer, has been set at an annual rate of $1.2 million. For calendar year 2022, his management incentive plan target bonus was set at 158% of his salary and his performance share unit award has a target value of $3.575 million. In addition, the second tranche of its signing capital attribution, which will be made in September 2022, as described in our previous materials, has been increased by $7.5 million.
The foregoing bonuses and Management Incentive Plan Performance Share Units are governed by the terms of our 2016 Corporate Incentive Plan. All stock awards are calculated using the average closing price of our Class A common shares for the thirty trading days preceding the effective date of the grant. Amendments to the agreements made necessary by the above changes in compensation are being prepared and will be submitted at a later date.
McMahon also made headlines recently for some of his comments during a rare interview on “The Pat McAfee Show.”