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Rob Roy, founder and chief executive officer of Switch Inc., center left, rings a ceremonial bell during the company's initial public offering (IPO) on the floor of the New York Stock Exchange on Oct. 6, 2017.
Switch Inc. gave its founder and Chief Executive Officer Rob Roy a $94.6 million pay package in 2017, with most of it in a stock award tied to the firm’s initial public offering.
Roy, 49, received a special award of 7.5 million shares -- or 3 percent of the firm’s stock -- linked to its IPO in October. Of those, 3 million vested immediately while the remainder, worth about $81.9 million at the end of 2017, will be handed to him gradually over four years, according to a regulatory filing Friday. Roy also received stock options valued at $2.91 million, $1 million in salary and a $1.26 million bonus.