Disney extends CFO contract; increases equity award to $16.5M

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',r=n._store.getNotifications(),a=n._generatePanelMarkup(o,r),i.innerHTML=a;break;case"error_panel":a=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=a}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Grace NotoThu, November 13, 2025 at 4:45 PM GMT+1 3 min readThis story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. The Walt Disney Company on Nov. 10 extended the contract of CFO Hugh Johnston to Jan. 31, 2029 as part of an amended employment agreement, according to a securities filing. As part of the agreement, Disney increased Johnston’s target long-term equity incentive annual award value to $16.5 million, compared to the initial $14 million long-term incentive award detailed as part of his compensation for Disney’s fiscal 2024, according to company filings.The amended employment agreement does not increase Johnston’s annual base salary or target bonus opportunity, the filing with the Securities and Exchange Commission said. According to Disney’s latest proxy filed in January, Johnston’s compensation totaled $24.4 million in 2024, including a base salary of $1.6 million, a one-time signing bonus of $3 million, and stock awards of approximately $10 million.The contract extension for Johnston, who joined Disney in 2023 as its finance chief, comes as the entertainment company continues to butt heads with YouTube TV relating to a new content distribution agreement that saw the entertainment firm pull several channels from the video platform. The ongoing carriage dispute could be costing Disney up to $4.3 million a day, according to estimates by Morgan Stanley cited by Variety .Johnston has served as the Burbank, California-based company’s CFO since 2023, joining after serving 15 years as the finance chief for beverage giant PepsiCo, according to his LinkedIn profile.The contract extension was filed shortly before Disney released fourth quarter earnings Thursday, which missed revenue expectations as the company continues to grapple with challenges related to its linear TV networks and its contract battle with YouTube. On Oct. 30, Disney pulled channels including ESPN, ABC and the Disney Channel from the Alphabet-owned video platform after contract negotiations regarding a new content distribution agreement broke down, NBC reported at the time.“Obviously, I’m not going to comment much on ongoing negotiations that are live right now,” Johnston said Thursday during the company’s latest earnings call in response to analyst questions regarding the YouTube blackout. “The only thing I would say is in terms of our guidance, we built a hedge into that with the expectation that these discussions could go for a little while.”Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,734.11 -3.38 (-0.05%)Dow 3047,147.48 -309.74 (-0.65%)Nasdaq22,900.59 +30.23 (+0.13%)Russell 20002,388.23 +5.24 (+0.22%)VIX19.83 -0.17 (-0.85%)Gold4,084.40 -110.10 (-2.62%)PortfolioSign in to access your portfolioSign inTop gainersCDTX Cidara Therapeutics, Inc. 217.71 +111.72 (+105.41%)SRRK Scholar Rock Holding Corporation 37.41 +7.34 (+24.41%)AVDL Avadel Pharmaceuticals plc 23.56 +4.32 (+22.45%)LGN Legence Corp. 40.27 +6.95 (+20.86%)CSIQ Canadian Solar Inc. 33.58 +4.96 (+17.33%)Top losersDGNX Diginex Limited 10.53 -2.97 (-22.00%)STUB StubHub Holdings, Inc. 14.87 -3.95 (-20.99%)HTFL Heartflow, Inc. 27.98 -2.96 (-9.57%)EOSE Eos Energy Enterprises, Inc. 13.80 -1.40 (-9.24%)CLSK CleanSpark, Inc. 10.96 -1.02 (-8.51%)Most activeONDS Ondas Holdings Inc. 7.18 +0.62 (+9.45%)OPEN Opendoor Technologies Inc. 8.12 -0.44 (-5.14%)NVDA NVIDIA Corporation 190.17 +3.31 (+1.77%)TSLA Tesla, Inc. 404.35 +2.36 (+0.59%)PFE Pfizer Inc. 25.06 -0.73 (-2.83%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 95,059.89 -4,645.96 (-4.66%)QUBT Quantum Computing Inc. 10.60 +0.57 (+5.68%)GOOG Alphabet Inc. 276.98 -2.14 (-0.77%)GOOGL Alphabet Inc. 276.41 -2.16 (-0.78%)CDTX Cidara Therapeutics, Inc. 217.71 +111.72 (+105.41%)Top economic events