September 21, 2020


News from Point of View

Facebook filing shows Zuckerberg and Sandberg’s compensation

Facebook filing shows Zuckerberg and Sandberg's compensation


Facebook founder Mark Zuckerberg speaks at Georgetown University in a ‘Conversation on Free Expression” in Washington, DC on Oct 17, 2019.

Andrew Caballero-Reynolds | AFP | Getty Images

Fb used more than $23 million on stability and non-public air vacation for CEO Mark Zuckerberg in 2019, in accordance to a financial filing published on Friday. 

That is up from about $20 million invested in 2018 and $9.1 million Fb invested in 2017. Zuckerberg’s once-a-year income remains $1.

The money include “approximately $10,463,717” for “costs associated to private safety for Zuckerberg at his residence and all through his private journey.”

It also involves an added $10 million necessary to safeguard him and his family members. For comparison, Fb expended $9.95 million on private protection in 2018 and $7.5 million in 2017.

The submitting also shows Zuckerberg needed $2.95 million for personal aircraft expenditures. He used $2.59 million on non-public air journey in 2018 and $1.52 million on it in 2017. 

All of the costs are submitted less than “Other compensation” for Zuckerberg. 

In the meantime, Facebook’s chief operating officer Sheryl Sandberg took dwelling a very little in excess of $875,000 in foundation pay out, up from $843,000 in 2018. But, she acquired a $902,740 reward, up from $638,000 in 2018, and $19.67 million in inventory awards. She obtained $18.42 million in stock awards in 2018.

Sandberg also required particular security, which cost $4.37 million in 2019, up from $2.9 million in 2018. And her use of private plane expense Facebook $1.3 million in 2019 as opposed to $908,677 in 2018. The charges consist of passenger costs, gas, crew and catering expenditures documented by a charter company, Facebook claimed. 

But, in 2019, Facebook claimed four straight quarters of sub-30% advancement in a row, capping the year off with 24.7% income development in the course of the fourth quarter when compared to the very same time time period in 2018.

Shares of Fb strike an all-time large on January 29 at $224.20 for every share, ahead of dropping with the rest of the market place to a new 52-7 days lower on March 18 of $137.10 for each share. It closed on Friday at $175.19.


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