Summary List Placement
Airbnb publicly filed its S-1 Monday afternoon, setting itself up for an IPO between Thanksgiving and the end of the year.
Unlike some other large startups preparing to go public, the company revealed a huge amount of detail on what the people at the top of the firm get paid. Airbnb’s S-1 included in-depth compensation information rarely seen in these types of filings.
The SEC requires a simple disclosure of compensation — who received what in the preceding fiscal year. Airbnb went much further than this, including detail on the philosophy behind its compensation, its approach to equity awards, and more.
Airbnb’s executives and what they earned
The top executives at Airbnb earned an average of about $7 million each in 2019, but there was a wide range of payouts, from almost $421,000 for CEO Brian Chesky to more than $19 million for CFO Dave Stephenson.
Stephenson and former COO Belinda Johnson, who had recorded total compensation of $19.2 million and $13.8 million, respectively, each individually made more than the other three executives combined. For both Stephenson and Johnson, this is largely due to equity awards — Stephenson was given a new hire grant intended to “cover both a new …read more
Source:: Businessinsider – Tech