Charter Communications (NASDAQ: CHTR) CEO Tom Rutledge saw his compensation nearly quadruple to $16.1 million in 2014, up from $4.5 million the year before, according to Securities Exchange Commission filings.
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While the chief executive's base salary held steady at $1.99 million, he received an additional $8.9 million in stock option awards. His incentive-based compensation also increased 72 percent to $3.8 million.
Rutledge, a former Cablevision (NYSE: CVC) executive, has presided over a period of growth for publicly traded Charter, with the company's stock price increasing 22 percent in 2014 to close the year at $166.62. Charter stock is up another 14 percent so far in 2015.
As noted by Multichannel News, which obtained the SEC filing, a number of other Charter executives also received big pay increases in 2014.
CFO Christopher Winfrey made $36 million, up from $848,122 in 2013; COO John Bickham banked $8.6 million, up from $2.8 million; and executive VP and president of commercial services Dom Detampel took home $3.6 million, up from $913,707.
For more:
- read this Connecticut News story
- read this Multichannel News story
Related links:
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Charter's Rutledge: Title II a 'heavy handed regulatory solution for problem that doesn't exist'