Zynga CEO Frank Gibeau’s total pay increased by more than $20 million in 2020

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Zynga Inc.
ZNGA,
+0.14%
disclosed late Monday in its proxy statement that Chief Executive Frank Gibeau’s total compensation nearly tripled in 2020, due primarily to a six-fold jump in stock awards. Gibeau’s total comp was $32.00 million last year, up from $11.68 million in 2019, while his base salary stayed at $1.00 million. Although the value of option awards fell to $1.25 million from $4.37 million and non-equity incentive plan compensation slipped to $1.46 million from $1.63 million, the value of stock award jumped to $28.29 million from $4.68 million. The San Francisco-based gaming company’s stock had soared 61.3% in 2020 after climbing 55.7% in 2019, while the S&P 500
SPX,
+0.14%
rose 16.3% in 2020 after advancing 28.9% the year before.

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