Discovery Inc Chief Executive David Zaslav received total compensation valued at $246.6 million in 2021, including nearly $203 million in options grants, more than sextupling his compensation from the year before, the company said in a securities filing Monday.

Mr. Zaslav’s compensation package is the highest CEO pay reported by any S&P 500 company so far this year, according to a Wall Street Journal analysis of data from securities filings provided by MyLogIQ LLC.

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