Coinbase Direct Listing Reveals Payday for New Legal Chief (1)

Feb. 25, 2021, 6:07 PM UTCUpdated: Feb. 25, 2021, 6:39 PM UTC

Coinbase Global Inc. Chief Legal Officer Paul Grewal earned more than $18 million in total compensation after being hired last year, according to a prospectus for a direct listing filed Thursday by the company.

The bulk of Grewal’s pay comprised $7.6 million in stock awards and over $10.1 million in option awards. He also received a $100,000 bonus and a base salary of nearly $210,000 after joining the company in August.

Coinbase, which in December confidentially filed papers to go public, is being advised by the law firm Fenwick & West for its direct listing on the Nasdaq exchange. ...

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