New Delhi, March 17 -- Warner Bros. Discovery CEO David Zaslav could earn in hundreds of millions on the sale of his company to Paramount Skydance.

The details of his possible payment were revealed in a Securities and Exchange Commission filing by Warner Bros Discovery.

The elements of this amount includes cash severance, stock awards and share awards as well as a huge reimbursement for taxes, according to the filing.

Paramount announced earlier this month that it had agreed to acquire Warner Bros Discovery in a $110 billion deal after Netflix walked away from its agreement with the owner of HBO Max. The transaction is expected to close in the third quarter and will be backed by $54 billion of debt commitments, the companies said.

The...