Vizio Doubled CEO Wang’s Salary in 2021, Gave Him $28M in Stock Awards

Vizio Chairman-CEO William Wang drew $32.15 million in total 2021 compensation, and his base salary more than doubled from 2020 to $956,250, said a definitive proxy statement Thursday for Vizio’s June 9 annual meeting, to be held virtually beginning at 10 a.m. PDT. Stock awards totaling nearly $28 million made up the bulk of Wang’s 2021 pay, after he received no such awards in 2020 or 2019, said the proxy. His 2021 bonus shrank to $775,000 from $1.68 million in 2020, it said. Vizio went public in March 2021 as a “controlled company” under New York Stock Exchange rules that apply when a single person or entity owns more than 50% of the voting power of all common shares (see 2103010043). Wang controlled 87% of Vizio’s total voting power as of March 31, said the proxy.