Jeremy Darroch, the CEO of UK pay-TV operator BSkyB, has cashed in shares to the value of Â£3.73m (Â4.39m), according to local reports, while his salary has increased 19% to Â£2.32m.
Darroch’s salary increase during the 12 months to the end of June was the results of a 22% improvement in his bonus, which increased to Â£1.49m from Â£1.22m the previous year, after the company exceeding targets on earnings, cash flow and subscriber growth. The bonus makes up 180% of Darroch’s salary, which increased to pounds Â£825,000 from Â£750,000.
SkyÂs chief financial officer Andrew Griffith, has also disposed of 332,000 shares at 533p per share, which is equal to Â£1.77m. Meanwhile, former CEO James Murdoch will receive a cash payment of Â£4.87m following the vesting of 913,000 shares.