AT&T’s media boss makes $52.2 million, more than its CEO

Jason Kilar, head of AT&T Inc.’s WarnerMedia division, received $52.2 million in total reported compensation last year, more than twice the level of the phone company’s chief executive officer.

The bulk of his pay took the form of $49.2 million in stock awards, according to a filing Thursday. The awards vest over a four-year period and are expected to yield about $12 million a year — though it will depend on AT&T’s stock performance. His salary amounted to $1.67 million, and he also received $1.26 million as part of a cash incentive program.

The package vaults Kilar to the top ranks of executive pay in media and entertainment and underscores AT&T’s ambitions in streaming.