Here's what Snap CEO Evan Spiegel earned last year - including the cost of his security detail
AP
Snap made its IPO filing public on Thursday, revealing that it generates over $400 million in annual sales and has an average of 158 million people using its namesake app on a daily basis.
It also revealed some information on executive compensation.
The 26-year-old chief executive earned a $503,205 salary, according to the SEC filing, plus a $1 million bonus.
His total salary for the year of $2.4 million also includes the $890,399 that the company pays for a security detail.
Of note, Spiegel's base salary will be reduced to $1 when Snap's IPO is registered and his bonus will be based on the company achieving performance criteria agreed upon by the board.
He holds 21.8% of class A shares, 2% of class B shares, and 50% of class C shares.
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance