8-KLeadership ChangesExhibits & Filings

CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Executive Changes (Dec 5, 2025)

Filed December 5, 2025For Securities:CHTR

Summary

Charter Communications, Inc. (CHTR) filed an 8-K on December 5, 2025, primarily announcing updates to the employment agreement for its President and CEO, Christopher L. Winfrey, and contingent equity awards for executive officers. The amended employment agreement extends Mr. Winfrey's tenure through December 1, 2028, and details significant compensation and benefits, including a substantial base salary, bonus potential, and future stock option grants. The agreement also outlines severance provisions in the event of termination. Additionally, the filing discloses the approval of a one-time contingent equity award for all Executive Vice Presidents, including Named Executive Officers. This award is contingent upon the closing of previously announced transactions with Cox Enterprises, Inc. The equity grant will consist of stock options and RSUs, with vesting schedules tied to anniversaries of the grant date. These announcements reflect key executive compensation and retention strategies for Charter Communications.

Key Highlights

  • 1Christopher L. Winfrey's employment agreement as President and CEO has been amended and restated, extending his term to December 1, 2028.
  • 2Mr. Winfrey's annual base salary will be at least $2,500,000, with a target annual bonus opportunity of 300% of his base salary, effective December 1, 2025.
  • 3Annual stock option awards with a grant date fair value of at least $23,000,000 are planned for Mr. Winfrey starting in 2027, vesting in full on the third anniversary of the grant.
  • 4A 'top-up' stock option award of $6,000,000 is to be granted to Mr. Winfrey in January 2026.
  • 5The agreement includes a comprehensive severance package for Mr. Winfrey, offering 2.5 times his annual base salary and target bonus in case of involuntary termination without cause or resignation for good reason.
  • 6Contingent equity awards (50% stock options, 50% RSUs) will be granted to Executive Vice Presidents, including Named Executive Officers, upon the closing of the Cox Enterprises transaction.
  • 7These contingent awards will have a grant date value equal to 1.5 times the executive's annual long-term incentive target, with varying vesting schedules for options and RSUs.

Frequently Asked Questions

The amended agreement extends Mr. Winfrey's term as President and CEO through December 1, 2028. It also sets his annual base salary at a minimum of $2,500,000, with a target annual bonus of 300% of his base salary. Significant stock option grants are also detailed, with awards of at least $23,000,000 annually starting in 2027.

These awards are designed as a retention incentive for Executive Vice Presidents, including Named Executive Officers. They are contingent upon the completion of the previously announced transaction with Cox Enterprises, Inc., and will be granted as a mix of stock options and RSUs, with their value tied to the executive's long-term incentive target.

In the event of termination without cause or by Mr. Winfrey for good reason, he is eligible for a cash severance payment equal to 2.5 times the sum of his annual base salary and target annual bonus. This also includes a prorated bonus, COBRA coverage payments for 30 months, and outplacement services. Stock options may also vest immediately or be exercisable for a period.

The amended employment agreement, including the new base salary and bonus structure, is effective December 1, 2025. Annual stock option awards of at least $23,000,000 are planned to commence in 2027. A special 'top-up' stock option award is expected in January 2026. The contingent equity awards for other executives are contingent upon the closing of the Cox transaction.