It was announced Wednesday that former New York Times executive Denise Warren (below) will lead the digital side of Tribune Publishing and oversee its six East Coast newspapers. An SEC filing discloses her Tribune compensation:
Ms. Warren will receive an annual base salary of $625,000, subject to increase as determined by the Company. She will also be entitled to receive an annual cash bonus with a target of 100% of base salary and her bonus for 2015 shall be no less than 75% of her target bonus prorated based on the period of employment during 2015.
Ms. Warren’s employment agreement provides that for 2015, 2016 and 2017, subject to her continued employment, she will receive annual equity grants having an aggregate fair market value of $550,000 on the grant date, of which half of the value of the award will be stock options and half restricted stock units.
* Tribune Publishing taps ex-NYT exec Denise Warren (wsj.com)
* Tribune Publishing discloses Warren’s pay in an SEC filing (sec.gov)
* October 2014: Warren leaves New York Times after 26 years (nytimes.com)
– h/t Michelle Leder