Palantir Technologies Inc CEO Alexander Karp was paid $1.10 billion last year for his service to the data analytics company.
What Happened:The compensation included $797.9 million in stock options and $296.4 million in stock awards — a hike of 8,990.9%. In 2019, Karp was paid $12.1 million.
Karp’s annual salary for the fiscal year ended Dec. 31, 2020, was $1.1 million and included $177,273 paid in bi-monthly installments and $124,364 paid in quarterly installments as an annual stipend. $800,00 was paid in quarterly installments as a “travel stipend,” according to a filing made with the U.S. Securities and Exchange Commission
The company’s co-founder Steven Cohen received $192 million in 2020 and was paid $16.1 million in 2019.
Why It Matters:Palantir went public via adirect listing in September 2020. The firm targets government and commercial sectors through its Gotham and Palantir Foundry platforms.
Fast Money trader Guy Adami said Thursday on a CNBC program that Palantir is poised to have a great 2021.
Since going public, the company’s shares have touched a high of $45 and a low of $8.90. On a year-to-date basis, the stock has declined 0.8%.
Price Action:Palantir shares fell nearly 2% in the regular session on Thursday to $23.37 and declined another 0.6% in the after-hours session.
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