Zuckerberg paid more than $2 billion at Facebook in 2012

Advertisement
By Agence France-Presse | Updated: 29 April 2013 12:26 IST
Facebook co-founder and chief Mark Zuckerberg scored more than $2 billion worth of stock and $503,000 in base pay last year for running the world's leading social network.

Zuckerberg was also given bonuses that added up to slightly more than $266,000, according to a Facebook filing on Friday with the US Securities and Exchange Commission.

He received $1.22 million in "other compensation," more than half of which was said in the filing to involve the use of chartered aircraft for travel by Zuckerberg and guests as part of a "comprehensive security program."

Advertisement

Facebook provided US regulators a breakdown of executive compensation and other matters that will be topics at an annual meeting of shareholders set to take place on June 11.

"In the first quarter of 2012, the compensation committee decided to increase the base salaries of our executive officers, other than our CEO," Facebook said in the document.

Advertisement

"Accordingly, our compensation committee increased the base salary of each executive officer, other than our CEO, by $35,000 or $40,000."

Zuckerberg has served as chairman of the board at Facebook since the beginning of last year.

Advertisement

His base pay will remain the same this year, while chief operations officer Sheryl Sandberg's was raised to $340,000, according to the filing. Her bonus last year added up to $276,730, the paperwork indicated.

Sandberg was paid $321,000 last year, along with a bonus of $276,730 and about $25.6 million worth of stock awards, Facebook told the FTC.

Advertisement

Sandberg's bonus "reflected her leadership in growing our revenue year over year and her strategic guidance in various business matters," the filing said.

Zuckerberg exercised options to acquire 60 million shares of Facebook stock, which were valued at just shy of $2.28 billion, according to the SEC filing.

He holds 607,599,549 shares of Class B stock in Facebook and another 1,939,987 in Class A shares, the company said in the paperwork.

The SEC in March endorsed a Nasdaq exchange plan to create a $62 million pool of cash to cover trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market.

The huge electronic market's foul-up marred the $16 billion Facebook share issue in May, the most hotly awaited initial public offering on the US markets in years.

The stock hit a high of $45 on the first day, but slid below $18 in the following weeks. Facebook shares were trading at $26.85 at the Nasdaq close on Friday.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Vivo T5 5G With a 7,050mAh Battery Arrives in India at This Price
  2. Vivo T5x 5G, iQOO Z11x 5G Prices Hiked in India: See New Prices
  3. Moto G Max Review: Familiar Design, Genuinely Good Cameras
  4. Philips S7221 5G Launched in India With 64-Megapixel Main Camera, 5,700mAh Battery
  5. Poco X8 5G With 8,340mAh Battery, Snapdragon 6s Gen 4 SoC Launched Globally
  6. iPhone 18 Pro Series Could Be Offered in These Three Colourways
  7. Redmi 17 Series India Prices Leaked: Here's How Much They Could Cost
  8. Vivo V80 Lite with 10,000mAh Battery Listed For Pre-Order in Malaysia
  9. Vivo T5 5G First Impressions
  1. Samsung Galaxy S27, Galaxy S27 Plus 3C Listing Reportedly Reveals Charging Speeds
  2. Mivi One 5G Confirmed as Company’s First Smartphone in India; Chipset Teased
  3. Google’s September Android Drop Brings Gemini Item Tracking, Motion Assist and Chat Themes
  4. Meta Launches Muse Voice Transcribe With Support for 5 Indian and 70+ Global Languages
  5. Vivo V80 Lite with 10,000mAh Battery Listed for Pre-Order in Malaysia, Key Details Revealed
  6. iQOO Z12 Lite 5G Reportedly Listed on IMEI Database; Key Specifications Leaked
  7. Grand Theft Auto 6: An Extended Look Tops Netflix's Top 10 List With 31.1 Million Views
  8. Gemini Notebook Short Video Overviews Get Support for 70+ More Languages, Three English Variants
  9. Nothing Phone (4a) Series, Phone (4b) Series to Receive Another Price Hike in India: What You Need to Know
  10. Bitcoin Holds Below $77,000 as Middle East Tensions Pressure Crypto Market
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.