When CBS Corp. chief executive Leslie Moonves signed a new contract this week, he was awarded additional stock and option grants above his typical allotment.
Moonves received additional company shares worth $14.5 million, which will vest in 2014 and 2015, according to a filing Thursday with the Securities and Exchange Commission.
Separately, Moonves received options worth $7.5 million. Those vest next year. Moonves' new contract extended the 63-year-old media executive's departure date to June 2017.
Earlier this year, Moonves structured a Peter Chernin-esque exit deal that would allow him to segue into a production deal and advisory role. Chernin, the former president of News Corp., used his particularly lucrative producer deal to form the foundation of his movie and TV production company, Chernin Entertainment.