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David D. Smith

Sinclair Broadcast CEO earned $5.2 million last year

Sinclair Broadcast CEO earned $5.2 million last year

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...