Facebook's Zuckerberg 2014 Compensation Valued at $610,455 -- 2nd Update

By Josh Beckerman 

Facebook Inc. Chief Executive Mark Zuckerberg's total compensation last year was valued at $610,455, down from $653,165 in 2013.

His base salary remained at $1, according to the company's proxy statement filed Friday.

Mr. Zuckerberg didn't participate in the company's bonus plan and didn't receive stock awards. His remaining compensation reflected costs related to personal use of chartered aircraft.

Mr. Zuckerberg sold more than $1 billion of stock in Facebook's 2012 IPO. When the shares began trading, his remaining stake was worth roughly $21.2 billion.

Total compensation for Chief Operating Officer Sheryl Sandberg was valued at $15.5 million, down from $16.1 million the previous year, the company said Friday. Most of the total resulted from $14.3 million of stock awards.

Ms. Sandberg's base salary increased to $592,855 from $384,423.

Facebook said Ms. Sandberg's $624,204 total bonus reflected factors including overall revenue growth, higher mobile-ad revenue and her leadership in strengthening advertising relationships.

On Wednesday, Facebook reported big gains in first-quarter revenue, but heavy spending on people, data centers and long-term initiatives led to a decline in profit.

Total costs and expenses rose 83% from the year-earlier period, while revenue rose 42% to $3.54 billion. Research and development spending more than doubled, to $1.06 billion. The number of employees jumped 48%, to 10,082, crossing 10,000 for the first time; the increase also reflected Facebook acquisitions.

Facebook also said Friday that Chief Financial Officer David Wehner's total compensation was valued at about $12 million, including a base salary of $418,051.

Write to Josh Beckerman at [e-mail]

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