NerdWallet CEO received $5.4 million in compensation in 2021
Personal finance information web page NerdWallet, which went general public in 2021, compensated main govt officer Tim Chen full payment of $5.4 million last 12 months, in accordance to the company’s to start with proxy assertion submitted with the Securities and Exchange Commission.
Chen been given $4.8 million in inventory alternatives and a foundation income of $535,261 final calendar year. His foundation salary rose 18.9 p.c from $450,000 in 2020.
He is the founder of the company and controls 90 per cent of the voting stock.
Chief product or service officer John Caine, who joined the organization in December 2021, been given $2.5 million in stock awards and slightly extra than $2 million in inventory alternatives. His base income will be $525,000.
Main marketing officer Kelly Gillease received whole payment of $2.77 million in 2021, which integrated $1.8 million in stock awards and $448,492 in selections. Her foundation income was $466,250.
In the filing, NerdWallet reported it has additional than 100 staffers on its editorial staff, like previous staffers from Bloomberg News and The Wall Avenue Journal.
“They sustain editorial independence from our company groups and do not recommend items based mostly on small business associations,” according to the submitting.
The submitting can be discovered in this article.
