David D. Smith earned $5.2 million last year as CEO and president of Hunt Valley-based Sinclair Broadcast Group Inc., a 13 percent increase from 2015.
Smith, who stepped down as CEO and became Sinclair's executive chairman Jan. 1, earned $4 million in stock options on top of a $1 million base salary, according to a document filed Friday with the U.S. Securities and Exchange Commission.
Compensation in 2015 had included $2.6 million in stock options and a $1 million performance-based cash bonus.
Smith was succeeded as CEO and president in January by Christopher Ripley, Sinclair's former CFO.
The television broadcaster reported income of $120.9 million on sales of...