Disney CFO Christine McCarthy Gets Contract Extended Through 2022, Plus $11M Annual Incentive Award
The Walt Disney Company has stated in an SEC filing that Chief Financial Officer Christine McCarthy’s employment contract will be extended by a year and a half. Previously, McCarthy’s contract was set to expire on June 30, 2021, but will now run through December 31, 2022.
The extension also grants McCarthy a long-term equity incentive annual award valued at $11 million. Per the filing:
For each full fiscal year during the term hereof, Executive shall receive an annual award with a target award value (which value shall be as determined in accordance with the policies and practices generally of Company) of $11,000,000.
Previously, her annual award was based off of a percentage of her base salary. This annual award is subject to adjustment.
McCarthy plays a very forward-facing role in the company, and is often the voice we hear delving into the company’s financials during quarterly earnings calls. She has worked at Disney since 2000, serving as a CFO since 2015, and now oversees things like investor relations, corporate strategy, as well as the company’s social responsibility efforts.