NerdWallet CEO received $5.4 million in compensation in 2021
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Particular finance information web-site NerdWallet, which went community in 2021, compensated chief executive officer Tim Chen overall compensation of $5.4 million very last year, in accordance to the company’s initial proxy assertion submitted with the Securities and Exchange Commission.
Chen acquired $4.8 million in inventory choices and a base income of $535,261 last calendar year. His base salary rose 18.9 p.c from $450,000 in 2020.
He is the founder of the organization and controls 90 p.c of the voting inventory.
Main merchandise officer John Caine, who joined the corporation in December 2021, received $2.5 million in inventory awards and a bit extra than $2 million in inventory alternatives. His base wage will be $525,000.
Chief promoting officer Kelly Gillease gained total compensation of $2.77 million in 2021, which bundled $1.8 million in inventory awards and $448,492 in solutions. Her foundation salary was $466,250.
In the filing, NerdWallet said it has more than 100 staffers on its editorial staff, including previous staffers from Bloomberg Information and The Wall Avenue Journal.
“They sustain editorial independence from our organization groups and do not recommend products and solutions based on organization relationships,” according to the submitting.
The filing can be located right here.
