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 $797.7 million for its most recent quarter ended Dec. 31, driven by political ads during an election cycle, digital ad sales and growth in fees from cable and satellite TV providers. The results were up from income of $58.2 million on sales of $611.8 million in 2015's fourth quarter.