Snap Inc. General Counsel Michael O’Sullivan saw his compensation drop 30% in 2021, sinking to $5.4 million, as the company reined in his stock awards and nonstock incentive compensation.

O’Sullivan received a salary of $500,000, the same he’d received annually since departing Munger, Tolles & Olson to become general counsel in 2017. The biggest reason for the decline was a $2.1 million drop in stock awards, according to a filing with the Securities and Exchange Commission Friday.

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