Pixar’s Catmull to Get 400,000 Shares in Deal
Pixar Animation Studios President Ed Catmull will get 400,000 Pixar shares in connection with the Emeryville, Calif.-based company’s $7.4-billion sale to Walt Disney Co.
The Pixar shares would be worth $25.6 million at Tuesday’s closing price of $64.10. Catmull’s pay was approved by the compensation committee of Pixar’s board, Burbank-based Disney said in a filing with the Securities and Exchange Commission.
Catmull, who will be president of the Pixar and the Disney animation studios, also will receive a salary of $1 million.