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Zynga CEO package worth $19.3 million this year, $50 million over three years

Over the next few years, new Zynga CEO Don Mattrick will receive compensation worth about $50 million.

Image credit @mythor

The new executive will receive a base salary of $1 million for his first year, a cash bonus of $5 million for signing on the dotted line, and a $2 million bonus for 2013, which is the average bonus received by Zynga's other executives.

Mattrick's remaining compensation will be mostly stock-based, according to a Reuters report on a Zynga SEC filing.

To start with, Mattrick will receive a $25 million share grant - about 9 million units to vest over three years.

The shares are worth $30.5 million now, but at the end of his first year in office, Matrrick will receive 45.32% of that amount, which should net him a further $11.3 million - bringing his first year cash total to $19.3 million.

On top of that, Zynga will grant Mattrick a further 1.78 million stock units worth $5 million, as well as the option to buy a further 7.3 million worth $10 million, to vest at the end of his third, fourth and fifth employment terms - an inducement to stick around.

And finally, if Mattrick performs well, Zynga may grant him further stock worth $7 million.

Zynga stock rose sharply when Mattrick's appointment was announced.

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Brenna Hillier avatar

Brenna Hillier

Contributor

Based in Australia and having come from a lengthy career in the Aussie games media, Brenna worked as VG247's remote Deputy Editor for several years, covering news and events from the other side of the planet to the rest of the team. After leaving VG247, Brenna retired from games media and crossed over to development, working as a writer on several video games.

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