AMC Networks’ Josh Sapan Made $30.5M In 2016, Up 72.4%, Proxy Shows

Read on: Deadline

AMC Networks shares lost 29.9% of their value last year — but due to a quirk in the way it had to report compensation you wouldn’t know that from the package for CEO Josh Sapan. The proxy statement it just filed at the SEC shows him with $30.5 million, up 72.4%. Much of the increase is due to a shift in AMC’s pay strategy to offer performance stock units as opposed to cash. That boosted the tally because the SEC requires companies to report the cash awards in the year…