Evan Spiegel's official annual salary is $98,078 as of last year
Snap Inc Chief Executive Officer Evan Spiegel received $637.8 million as total compensation as the company went public last year, the third-highest annual payout ever received by a company's chief executive.
Mr Spiegel's payout trails the 2007 and 2008 compensations of Daniel Och, CEO of hedge fund Och-Ziff Capital Management Group, according to ISS Analytics, the data arm of Institutional Shareholder Services Inc.
Mr Och received $918.9 million and $1.19 billion as annual compensation for fiscal years 2007 and 2008.
Mr Spiegel's compensation is based on stock-based awards worth $636.6 million and salary and other compensation worth about $1.2 million, according to a security filing by Snap on Thursday.
"I believe this is the largest value we have seen in the 10 years we've been compiling annual 'highest-paid' CEO studies," said Dan Marcec, Director of Content at executive compensation data firm Equilar.
Mr Spiegel's official annual salary is $98,078 as of last year.
Shares of Snap only recovered to its IPO price of $18 in the first week of February, having traded below it since July.
The company's shares fell 8 percent on Thursday, to again trade below the IPO price and analysts attributed the losses to users taking issue with Snap's latest redesign.
Mr Spiegel's payout trails the 2007 and 2008 compensations of Daniel Och, CEO of hedge fund Och-Ziff Capital Management Group, according to ISS Analytics, the data arm of Institutional Shareholder Services Inc.
Mr Och received $918.9 million and $1.19 billion as annual compensation for fiscal years 2007 and 2008.
Mr Spiegel's compensation is based on stock-based awards worth $636.6 million and salary and other compensation worth about $1.2 million, according to a security filing by Snap on Thursday.
"I believe this is the largest value we have seen in the 10 years we've been compiling annual 'highest-paid' CEO studies," said Dan Marcec, Director of Content at executive compensation data firm Equilar.
Mr Spiegel's official annual salary is $98,078 as of last year.
Shares of Snap only recovered to its IPO price of $18 in the first week of February, having traded below it since July.
The company's shares fell 8 percent on Thursday, to again trade below the IPO price and analysts attributed the losses to users taking issue with Snap's latest redesign.
© Thomson Reuters 2018
Track Latest News Live on NDTV.com and get news updates from India and around the world
