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Snowflake’s IPO: The Details You Need To Know

Cloud data platform provider Snowflake filed an S-1 document with the U.S. Securities and Exchange Commission this week, providing information about the company’s financial performance, ownership and go-to-market plans in advance of its much-anticipated IPO. Here’s a deep dive into the details.

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Executive Compensation

CEO Frank Slootman, hired in April 2019, earned $287,990 in salary for the portion of fiscal 2020 (ended Jan. 31, 2020) that he worked. His annual base salary was $375,000 for the year.

Slootman’s stock option awards were $59,874,582 for the fiscal year ended Jan. 31, 2020. (According to a footnote, that was the aggregate grant-date fair value of the stock options granted and does not reflect the dollar amount he actually received).

Slootman also received $307,886 in “non-equity incentive plan compensation” – a performance bonus.

Former CEO Robert Muglia, who unexpectedly resigned and left the company in April 2019, earned $72,885 in salary for the first quarter of fiscal 2020 (from an annual base salary of $300,000), stock awards valued at $16,652,753, and $315,772 in “other compensation” for a total of $17,041,410.

 
 
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