Trian Partners Activist Presentation Deck
Confidential-Not for Reproduction or Distribution
Executive Compensation Must be Aligned with Performance
• From FY17-FY21, Bob Iger received $216mm(¹) in total compensation despite Disney's poor TSR
• Iger's compensation would have been even higher had shareholders not voted against the pay
package that he received in December 2017 as a "reward" for the Fox deal
-The Board agreed to reduce his compensation in order to increase its say on pay vote and appease
shareholders
Iger was set to earn up to an estimated $423mm over four years in the original pay package(2)
Bob Iger Compensation Detail - FY17- FY21 ($mm)
Total Compensation ($mm)
$36.3
$15.2
$8.3
$9.0
$1.3
$65.6
$18.0
$8.3
$35.4
FY 2018A
-$1.1
$47.5
$21.8
$9.6
$10.1
$21.0
FY 2019A
FY 2017A
Salary
Option Awards
Change in Pension & Deferred Comp Other
$9.6
$7.0
$1.6
$45.9
$22.9
$9.3
$9.5
$3.0
FY 2021A
FY 2020A
Stock Awards
Non-equity Incentive Plan Comp
$423(2)
Represents delta
between Iger's I
actual reported !
comp and the I
estimated high-end !
of the original Iger! -$243
pay package
$180
FY18-FY21
Total Iger Comp
$180
Estimated Max
Iger Comp
Propsed
Source SEC Sings FactSet
Note: Total Shareholder Retum (TSR) defined as the total retum an investor would receive if they purchased one share of stock on the first day of the measured period indusive of share price appreciation and
dividends paid (1) Aggregate compensation as reported in the "Summary Compensation Table of the provy statements filed by Disney relating to fiscal years 2017-2021. (2) Based on 155 Analytics analysis
provided to Reuters at their request, ched in the Reuters article "After pay vore Disney investors question iger's rich coal" published 03/16/18. Before shareholders were able to pressure the Board to reduce
iger's pay package
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