Switch Founder Rob Roy Snares $95 Million for 2017 Tied to IPO

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. — 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.
Photographer: Michael Nagle/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Anders Melin

April 27, 2018 at 9:19 PM UTC

This article is for subscribers only.

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.