Individual finance news web page NerdWallet, which went community in 2021, paid chief govt officer Tim Chen whole payment of $5.4 million past year, in accordance to the company’s initially proxy statement submitted with the Securities and Exchange Fee.
Chen acquired $4.8 million in inventory options and a base income of $535,261 very last year. His foundation salary rose 18.9 percent from $450,000 in 2020.
He is the founder of the business and controls 90 % of the voting inventory.
Chief item officer John Caine, who joined the corporation in December 2021, been given $2.5 million in stock awards and marginally much more than $2 million in inventory choices. His foundation wage will be $525,000.
Main marketing and advertising officer Kelly Gillease received full payment of $2.77 million in 2021, which provided $1.8 million in inventory awards and $448,492 in selections. Her foundation salary was $466,250.
In the submitting, NerdWallet explained it has far more than 100 staffers on its editorial workforce, like previous staffers from Bloomberg Information and The Wall Road Journal.
“They maintain editorial independence from our business enterprise teams and do not propose items based on organization interactions,” in accordance to the submitting.
The filing can be found below.