Snap General Counsel’s Pay Package Dips 15% as Hiring Continues

Snap Inc. General Counsel Michael O’Sullivan’s pay package dip nearly 15% last year because of his stock grants, per an annual proxy statement filed by the company.

The Snapchat owner awarded more than $7.7 million in total compensation to O’Sullivan, down from nearly $9.1 million in 2019. The disparity is attributable to different vesting periods for the stock grants he received in 2019 and 2020, according to Snap’s proxy, as well as the company’s changing stock price.

Snap stock hit a 52-week low of $7.89 a share March 18, 2020, before closing at a high for the past year at ...