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Airbnb co-founder and CEO Brian Chesky’s total compensation topped $120 million in 2020, based on $119.88 million in stock grants he got for stewarding the company through toughest year in travel and into a blockbuster IPO, the company said in a financial filing late Friday.
The Airbnb board granted Chesky a 10-year award of 12 million restricted stock units, worth just under $120 million, in November, a month before the company’s historic initial public offering. The stock awards are performance based, meaning the Airbnb CEO only realizes them based on the company’s stock hitting pre-defined targets.