Overview
- The new agreement keeps Johnston at Disney through January 31, 2029, extending a contract previously set to end in 2026.
- His base salary remains $2 million with a $4 million target bonus, while his annual long‑term equity award increases to $16.5 million.
- According to reporting, the extension includes a clause that would provide financial protection if he is terminated after December 31, 2026.
- The renewal follows recent extensions for communications chief Kristina Schake and chief legal and compliance officer Horacio Gutierrez.
- The announcement arrives ahead of an earnings call, and Johnston continues as a prominent voice to investors and in media appearances.