NerdWallet CEO received $5.4 million in compensation in 2021

Personalized finance news web-site NerdWallet, which went community in 2021, paid out main executive officer Tim Chen complete payment of $5.4 million final 12 months, according to the company’s initially proxy statement submitted with the Securities and Exchange Fee.

Chen received $4.8 million in inventory solutions and a foundation wage of $535,261 previous year. His base income rose 18.9 p.c from $450,000 in 2020.

He is the founder of the firm and controls 90 per cent of the voting inventory.

Main solution officer John Caine, who joined the company in December 2021, gained $2.5 million in stock awards and a little more than $2 million in inventory choices. His base salary will be $525,000.

Chief advertising and marketing officer Kelly Gillease gained whole compensation of $2.77 million in 2021, which involved $1.8 million in stock awards and $448,492 in solutions. Her base salary was $466,250.

In the filing, NerdWallet mentioned it has extra than 100 staffers on its editorial team, like former staffers from Bloomberg Information and The Wall Road Journal.

“They retain editorial independence from our company groups and do not advocate products dependent on small business interactions,” in accordance to the filing.

The filing can be observed right here.