As seen earlier this week, WWE filed a proxy statement that revealed base salaries for WWE Chairman & CEO Vince McMahon, President & Chief Revenue Officer Nick Khan, Executive Vice President of Global Talent Strategy & Development Paul “Triple H” Levesque, Chief Brand Officer Stephanie McMahon, and Chief Financial Officer Kristina Salen.
The filing has also revealed additional information on the income of the McMahon family for the bygone year along with those other members of the board, past the base salaries.
Vince McMahon earned $3,905,792 in 2020, totally. This consists of the $1,394,614 base salary, $1,636,594 in stock awards, $854,000 in incentives, and $20,583 awarded to him for other compensations. This total is up from the $3,503,703 in 2019, and down from the $5,658,238 in 2018.
Triple H earned a total of $2,318,280 in 2020 with the breakdown of $724,115 base salary, $222,650 in incentives, $464,778 in stock awards, and $906,737 in other compensation from merchandise and his contract as a talent. This total is down from the $3,328,092 he earned in 2019, and down from the $5,031,459 he earned in 2018.
Stephanie McMahon earned a total of $2,187,266 in 2020 which includes her $724,115 base salary, $222,650 in incentives, $464,778 in stock awards, and $775,723 in other compensation from merchandise and her talent contract which will be up in six months. This is up from the $2,027,248 she earned in 2019.
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WWE President Nick Khan earned a total of $12,964,565 in 2020, consisting of the $498,462 base salary, $6,799,138 in stock awards, $471,823 in incentives, and $5,195,142 in other compensation.
Salen earned a total of $977,920 in 2020 including $365,000 in base salary, $500,023 in stock awards, $108,892 in incentives, and $4,005 in other compensation.
Former Interim Chief Financial Officer Frank A Riddick, III (he was in the position from February until August 2020) but remains on the Board of Directors, made $1,009,719 in 2020 including his $782,667 base salary, $53,842 in stock awards, and $173,210 in other compensation.
Shane McMahon was retained only as a performer in 2020, who received the minimum guaranteed performance fees and royalties of approximately $820,369. (Source – Wrestling Inc)
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Vince McMahon’s entitlements per his WWE contract
It is interesting to note that Vince McMahon also has an agreement and employment clause with the WWE. His current contract with WWE runs through December 31, 2021, but it will automatically extend for a successive one-year period of time unless either party gives notice of termination.
Under this agreement, The Boss is entitled to a salary of $1.4 million subject to an increase in the discretion of the Compensation & Human Capital Committee. He is also entitled to participate in WWE’s incentive bonus plan with an annual target bonus of 100% salary. He also receives performance stock units as a part of WWE’s normal grant to its employees. Under the agreement, Vince McMahon also participated in the ownership and operations of the XFL football league, which has already been sold.
Vince’s agreement with WWE also allows members of his immediate family to use the WWE private jet for personal travel when it is not being used for company business purposes. The usage cost will be paid for by Vince, as WWE wouldn’t bear the additional costs incurred.
