Summary Compensation Table for
2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Name and Principal Position | | Year | | | Salary ($) | | | Bonus ($) | | | Stock Awards ($)(1) | | | Option Awards ($)(1) | | | All Other Compensation ($)(2) | | | Total Compensation ($) | |
Mr. Dorsey | | | 2018 | | | | 2.75 | | | | — | | | | — | | | | — | | | | — | | | | 2.75 | |
Chief Executive Officer | | | 2017 | | | | 2.75 | | | | — | | | | — | | | | — | | | | — | | | | 2.75 | |
| | | 2016 | | | | 1,503 | | | | — | | | | — | | | | — | | | | — | | | | 1,503 | |
Ms. Friar | | | 2018 | | | | 339,015 | | | | — | | | | 1,707,615 | | | | 1,771,683 | | | | 52,722 | | | | 3,871,036 | |
Former Chief Financial Officer | | | 2017 | | | | 325,000 | | | | — | | | | 4,563,693 | | | | 1,227,352 | | | | 49,044 | | | | 6,165,089 | |
| | | | | | | |
| | | 2016 | | | | 250,000 | | | | — | | | | 1,555,199 | | | | 2,004,347 | | | | 71,651 | | | | 3,881,197 | |
Ms. Henry | | | 2018 | | | | 387,500 | | | | — | | | | 1,707,615 | | | | 1,771,683 | | | | 3,682 | | | | 3,870,481 | |
Seller Lead | | | 2017 | | | | 325,000 | | | | — | | | | 4,563,693 | | | | 1,227,352 | | | | 2,170 | | | | 6,118,215 | |
| | | 2016 | | | | 250,000 | | | | 25,000(3) | | | | 3,110,398 | | | | — | | | | — | | | | 3,385,398 | |
Ms. Reses | | | 2018 | | | | 387,500 | | | | — | | | | 1,707,615 | | | | 1,771,683 | | | | 106,169 | | | | 3,972,968 | |
Square Capital Lead | | | 2017 | | | | 325,000 | | | | — | | | | 3,042,456 | | | | 818,234 | | | | 89,588 | | | | 4,275,278 | |
Ms. Whiteley | | | 2018 | | | | 381,250 | | | | — | | | | 1,564,439 | | | | 775,114 | | | | 75,792 | | | | 2,796,591 | |
General Counsel and Corporate Secretary | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mr. Daswani | | | 2018 | | | | 295,000 | | | | — | | | | 187,861 | | | | — | | | | 4,080 | | | | 486,940 | |
Former InterimCo-Chief Financial Officer and Current Finance and Strategy Lead | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mr. Murphy | | | 2018 | | | | 288,750 | | | | — | | | | 222,050 | | | | — | | | | 3,660 | | | | 514,460 | |
Former InterimCo-Chief Financial Officer and Current Treasury Lead | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2020Mr. Dorsey | | | 2020 | | | 2.75 | | | | | | — | | | — | | | | | | 2.75 |
Chief Executive Officer
| | | 2019 | | | 2.75 | | | — | | | — | | | — | | | — | | | 2.75 |
| 2018 | | | 2.75 | | | — | | | — | | | — | | | — | | | 2.75 |
Ms. Ahuja | | | 2020 | | | 468,750 | | | — | | | 3,783,406 | | | 4,385,035 | | | 183,155 | | | 8,820,346 |
Chief Financial Officer
| | | 2019 | | | 425,000 | | | 315,000(3) | | | 9,000,051 | | | 3,000,026 | | | 341,449 | | | 13,081,526 |
Mr. Grassadonia | | | 2020 | | | 468,750 | | | — | | | 3,783,406 | | | 4,385,035 | | | 5,030 | | | 8,642,221 |
Cash App Lead
| | | | | | | | | | | | | | | | | | | | | |
Ms. Henry | | | 2020 | | | 468,750 | | | — | | | 3,783,406 | | | 4,385,035 | | | 5,150 | | | 8,642,341 |
Seller Lead
| | | 2019 | | | 437,500 | | | — | | | 2,857,283 | | | 3,032,672 | | | 5,188 | | | 6,332,643 |
| 2018 | | | 387,500 | | | — | | | 1,707,615 | | | 1,771,683 | | | 3,682 | | | 3,870,480 |
Ms. Reses | | | 2020 | | | 393,750 | | | — | | | 2,702,449 | | | 3,132,168 | | | 2,582,845 | | | 8,811,212 |
Former Square Capital Lead
| | | 2019 | | | 433,333 | | | — | | | 2,381,069 | | | 2,527,237 | | | 71,502 | | | 5,413,141 |
| 2018 | | | 387,500 | | | — | | | 1,707,615 | | | 1,771,683 | | | 106,169 | | | 3,972,967 |
Ms. Whiteley
| | | 2020 | | | 468,750 | | | | | | 3,255,761 | | | 3,542,303 | | | 60,568 | | | 7,327,382 |
General Counsel and Corporate Secretary
| | | 2019 | | | 437,500 | | | — | | | 1,904,855 | | | 2,021,771 | | | 96,017 | | | 4,460,143 |
| 2018 | | | 381,250 | | | — | | | 1,564,439 | | | 775,114 | | | 75,792 | | | 2,796,591 |
(1)
| The amounts included in the “Stock Awards” and “Option Awards” columns represent the aggregate grant date fair value of RSUs, RSAs and option awards calculated in accordance with ASC 718. Such grant date fair value does not take into account any estimated forfeitures related to service-vesting conditions. The valuation assumptions used in determining the grant date fair value of the RSUs, RSAs and option awards reported in this column are |
| | | | | | | | |
| | | | SQUARE 2019 Proxy Statement | | | 40 | |
| described in the Notes to the Consolidated Financial Statements included in our Annual Report on Form10-K for the fiscal year ended December 31, 2018.2020. |
(2)
| Amounts disclosed in this column include the aggregate incremental costs of perquisites and other personal benefits, including, among other things, (i) transportation coststhe 401(k) employer match and expense reimbursements for meals for Ms. FriarHenry and Mr. Grassadonia; (ii) the signing bonus of $49,062$150,000, 401(k) employer match, relocation expenses of $15,685 including a tax gross up amount of $11,230 related to moving costs to San Francisco when hired in 20182019 and expense reimbursements for meals and wellness for Ms. Ahuja; (iii) the 401(k) employer match, transportation expenses of $42,544 that includes tax gross-up amount of $17,002, cash payment of $204,514 in connection with Ms. Friar commuting to our principal executive officesReses’s Separation and Release Agreement with us, $2,309,293 in San Francisco, which includes a taxgross-up amount of $21,065, (ii) transportation costs for Ms. Reses of $101,969stock-based compensation charges recognized in 2018accordance with ASC 718 in connection with Ms. Reses commuting to our principal executive offices in San Francisco, which includes a taxgross-upReses’s Separation and Release Agreement with us (which is not reflective of the actual amount received by Ms. Reses), COBRA payment of $46,855, (iii) transportation costs for Ms. Whiteley of $71,286 in 2018 in connection with Ms. Whiteley commuting to our principal executive offices in San Francisco, which includes a taxgross-up amount of $32,756$21,414 and (iv) expense reimbursements for meals parking costs, gym membershipfor Ms. Reses; and (iv) tax gross-up made to provide tax neutrality on amounts of regular compensation that was allocated solely for U.K. purposes toward service on the board of directors of the Company’s U.K. subsidiary, the 401(k) plan matching contributions. employer match, expense reimbursements for meals and transportation expenses of $51,349 that includes tax gross-up amount of $23,595 for Ms. Whiteley. |
(3)
| The amount disclosed represents a discretionary one-time bonus paid in connection with Ms. HenryAhuja joining usthe Company in May 2014 per Ms. Henry’s offer letter dated March 24, 2014. January 2019. |