NEW YORK (AP) — Zynga chief executive mark Pincus standard a compensation package valued by $1.7 million in 2011, generally of it in the form of a local security procedure and connected expenses.
Zynga Inc. Understood in a regulatory filing Friday with the intention of it spent $1.2 million on the one-time grip and installation of a security procedure intended for Pincus and his strain. It was built-in in roughly $1.4 million of "other compensation intended for Pincus. The company expects with the intention of this will be a one-time expense.
Pincus, 46, lives in San Francisco with his wife and two daughtersZynga, which went in the public domain in December, paid its chief executive a foundation salary of $300,000. Pincus as well standard a bonus of $3,750. His 2010 compensation package totaled $520,239.
The filing says with the intention of Pincus as well owns roughly 94.6 million shares of Zynga's sell. Based on Friday's finishing worth, that's worth roughly $806 million. The company's shares give birth to declined in hot weeks amid investor doubts roughly the company's skill to keep growing quickly. That's even though Zynga reported better-than-expected results this week intended for its essential quarter.
Zynga is preeminent branded intended for its Facebook and mobile games, which include "CityVille," ''FarmVille" and "Words With Friends."
The Associated Press formula calculates an executive's full compensation through the continue fiscal time by toting up salary, bonuses, perks, above-market leisure pursuit the company pays on deferred compensation and the estimated esteem of sell and sell options awarded through the time. The AP formula does not count changes in the communicate esteem of pension repayment. That makes the AP full a little unusual in generally personal belongings from the full reported by companies to the Securities and Exchange Commission.
The esteem with the intention of a company assigned to an executive's sell and option awards intended for 2011 was the communicate esteem of come again? The company probable the awards to be worth to the executive larger than period. Companies purpose lone of several formulas to reckon with the intention of esteem. However, the add up to is a moment ago an estimate, and come again? An executive ultimately receives will depend on the performance of the company's sell in the years like the awards are granted. Most sell compensation programs require an executive to delay a specified amount of period to receive shares or employ options.
