Overview
- An SEC filing confirms Johnston’s employment term now runs through January 31, 2029.
- His target long‑term equity incentive rises to $16.5 million beginning with Disney’s current fiscal year, while his $2 million salary and target bonus opportunity remain unchanged at 200% of salary.
- The amendment adds protection for specified awards so that a termination on or after December 31, 2026 is treated as occurring at the scheduled contract end for vesting and exercisability purposes.
- The renewal follows recent extensions for senior leaders including communications chief Kristina Schake, chief legal and compliance officer Horacio Gutierrez, and chief people officer Sonia Coleman.
- Johnston, who joined from PepsiCo in 2023, has been a prominent investor‑facing executive alongside CEO Bob Iger.