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Subject:  Snowflake CEO Compensation Date:  12/11/2020  8:09 AM
Author:  Spears40 Number:  74289 of 78011

An article from Detroit Times on Snowflake's CEO's compensation package. Turns me off from investing
in Snowflake at this time. His annual salary is
more than Microsoft, Google and Apple CEO's combined.
How can investors have confidence in future growth and
the company turning profitable with the CEO diluting the value of the company with such a outrageous compensation package?

Chief Executive Officer Frank Slootman one of the best-paid technology executives. A compensation package he received upon joining Snowflake in April 2019 awards him a batch of options every month – for four years – that are now worth almost $95 million each, or about $1.1 billion annually.

Snowflake CEO Frank Slootman
Slootman’s pay includes more than 13.7 million options with a strike price of $8.88. The vast majority can already be exercised but the underlying shares vest monthly over four years, beginning with the month he started.

He also gets a $375,000 annual base salary, which can go higher depending on the firm’s performance.

Once the full options package is paid out in early 2023, it would be worth about $4.5 billion based on Thursday’s closing stock price.
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