Photographer: Andrew Harrer/Bloomberg Sirius XM Showered Millions of Dollars on GC for Extending Contract
The equity-based awards connected to Patrick Donnelly's new employment agreement boosted his 2022 total compensation to nearly triple what he earned a year earlier.
April 21, 2023 at 05:03 PM
2 minute read
Patrick Donnelly, the longtime general counsel of Sirius XM, saw his 2022 pay surge to $8.8 million, nearly triple what he earned a year earlier, thanks to millions of dollars in extra compensation he received in connection with agreeing in November to a new contact that runs through 2024.
Pay for Donnelly and other top brass at the New York City-based media company was reported in the company's proxy statement filed with the Securities and Exchange Commission Friday. The filing says that in connection with his new contract, Donnelly received a stock grant valued at $1.2 million and a stock option grant valued at $2.3 million.
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