Lionsgate Executive Vice President and General Counsel Andrew Tobey received total compensation of $4.49 million for fiscal 2026, a 64% increase from the previous year, after the company’s compensation committee raised his annual cash bonus above target in recognition of his leadership on strategic transactions, litigation, governance and artificial intelligence initiatives.
According to the company’s executive compensation disclosure, Tobey received a salary of $1.2 million, a cash bonus of $1.25 million, stock awards worth $2.02 million and other compensation of $17,882, taking his total remuneration for fiscal 2026 to $4.49 million.
This compares with total compensation of $2.74 million in fiscal 2025, comprising a $1 million salary, $1 million bonus, stock awards valued at $719,363 and other compensation of $15,836.
Tobey’s target bonus for fiscal 2026 was set at $1.02 million. Based on corporate performance of 87% and divisional performance of 90%, he initially earned a preliminary bonus of $902,700.
However, the Compensation Committee exercised discretion to increase the award to $1.25 million, citing the breadth and impact of his contributions during the year despite the company’s below-target corporate performance.
The committee credited Tobey with playing a central role in completing the separation of Lionsgate and Starz, overseeing the related legal and governance work, and leading the completion of new credit facilities and financing arrangements for both entities, including expanded intellectual property-backed financing.
It also highlighted his role in executing strategic transactions, including deals involving the Saw franchise, the acquisition of the Expendables franchise, 3 Arts Entertainment’s acquisition of A&A Management and OManagement, and the sale of interests in non-core assets.
The compensation committee further recognised Tobey’s handling of significant litigation and shareholder matters, including defeating legal efforts to block the Lionsgate-Starz separation, resolving activist-related issues and developing strategies to mitigate contractual and operational risks.
The filing also cited his continued engagement with the board on governance matters, leadership in renegotiating key talent and distribution agreements, oversight of the company’s AI strategy and governance framework, and management of the legal function across the organisation.
The committee said the upward adjustment appropriately reflected Tobey’s leadership across complex financing, governance and commercial initiatives, noting that his individual execution exceeded overall corporate performance during the fiscal year
