Spiegel also received $1.08 million in other compensation that came in the form of such company perks as a vacation payout, legal fees and security. His base salary was cut at the time of the IPO to just $1.
Spiegel's hefty payday comes after a volatile year for Snap stock. Shares have regularly traded below Snap's $17 IPO price since last summer, rising this February after the company reported its first strong earnings since its public debut.
Imran Khan, Snap's chief strategy officer, was the second-highest paid executive at the company in 2017, earning nearly $101 million, made up of a $442 million salary and $100 million stock award. General counsel Michael O'Sullivan earned a total of $16.7 million.
On Feb. 6, Snap reported $286 million in fourth-quarter revenue and losses of 28 cents per share. It added 8.9 million daily active users during the period, bringing its total base to 187 million.
This article was originally published by The Hollywood Reporter.