Snap CEO Spiegel receives $638 mln in compensation for IPO year

Snap CEO Spiegel receives $638 mln in compensation for IPO year
(Corrects Spiegel's age to 27 from 26 in paragraph 3)

Feb 22 (Reuters) - Snap Inc Chief Executive Officer Evan Spiegel received $637.8 million as total compensation during 2017, the year the company went public, according to a security filing on Thursday.

The figure is based on stock-based awards worth $636.6 million and salary and other compensation worth about $1.2 million. (

Spiegel, the 27-year-old Snap co-founder, earned $503,205 in salary during 2016, and a $1 million bonus.

Imran Khan, Snapchat's chief strategy officer hired from investment bank Credit Suisse Group AG in 2014, received total compensation of $100.6 million in 2017. He earned $241,539 in 2016 and a $5.2 million bonus. (Reporting by Munsif Vengattil in Bengaluru; Editing by Shounak Dasgupta)

First Published: 2018-02-22 18:19:37
Updated 2018-02-22 18:31:28

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