March 17 (Reuters) - Warner Bros Discovery ( WBD ) CEO

David Zaslav is likely to receive up to $887 million after

completion of the media company's sale to Paramount Skydance ( PSKY )

, according to a regulatory filing on Monday.

WBD last month agreed to be acquired by Paramount Skydance ( PSKY )

in a $110 billion deal, ending a high-stakes bidding war after

Netflix ( NFLX ) walked away from its agreement with the HBO Max

owner.

* Zaslav is expected to get cash severance of about

$34.2 million, including salary continuation and bonus

components triggered by a change-in-control termination.

* The pay also includes $115.8 million in vested equity.

* The WBD CEO is set to receive $517.2 million in

unvested share awards - future stock grants that would be

triggered when the sale goes through.

* The payout includes estimated tax reimbursements of about

$335 million for Zaslav. This payment is based on tax-code rules

"that are expected to cause it to significantly decline with the

passage of time," the company said in the filing.

* The tax payout will be zero if the completion of the deal

gets pushed into 2027.

* Paramount expects the deal to close in the third quarter

this year.