Coinbase's chief legal officer received a total compensation of more than $8.2 million last year

Mars Finance News, on May 20, according to Bloomberg, Coinbase Global Inc. and Robinhood Markets Inc., the two largest publicly listed financial technology companies in the US, provided generous compensation packages for their chief legal officers in 2024. The compensation figures for these legal department leaders were recently disclosed through securities documents, coinciding with the potential modification of executive compensation disclosure rules under the Trump administration. Paul Grewal, who has served as Coinbase's Chief Legal Officer and Corporate Secretary since 2020, is responsible for leading the company's response to a $400 million hacking incident and the SEC's investigation of user data. According to proxy statements, Grewal's total compensation last year exceeded $8.2 million, including a $730,000 base salary and $7.5 million in stock awards. A Coinbase spokesperson stated that Grewal's base salary remained unchanged, but his total compensation increased from $5.2 million in 2023 to $7.5 million in 2022, due to the "increased fair value of equity awards on the grant date". Robinhood disclosed in a proxy statement that Daniel Gallagher's total compensation last year exceeded $8.6 million. Gallagher has led the company's legal, compliance, and corporate affairs team since 2020, previously serving as an SEC Commissioner. He recently withdrew his application for SEC Chairman.