Snap Spends $15 Million on Legal Fees, Doubles Payout for GC

Snap Inc.’s longtime general counsel Michael O’Sullivan saw his pay package more than double last year, to almost $9.4 million, according to a securities filing by the company.

Snap, the parent company of social media platform Snapchat, disclosed in a 10-K filing Wednesday that O’Sullivan earned a stock award valued at nearly $8.5 million in addition to roughly $855,800 in base salary and $24,300 in additional benefits. It’s a sizable increase over the $4.6 million in total compensation that O’Sullivan received from the company in 2022 and $5.4 million for 2021.

The filing noted that Snap paid $12.2 million ...