Snap’s Imran Khan Got $145 Million for Move From Bank
- The shares vest if he stays until 2019, IPO filing shows
- Co-founder Evan Spiegel will get $1 salary going forward
Is the Timing Right for Snapchat Maker Snap's IPO
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The move from Credit Suisse Group AG to Snap Inc. is about to pay off big for Chief Strategy Officer Imran Khan.
Khan received 7.09 million restricted shares valued at $145.3 million in 2015 after joining Snapchat’s parent company, according to the company’s registration statement for an initial public offering filed Thursday. The shares will be fully vested by January 2019 if Khan remains on the job and Snap either goes public or undergoes a change of control, such as a sale.