The company valued those shares at $7.01 a piece at the end of 2017, per the filing. In addition to the restricted stock grant, Houston also owns 127 million shares of Dropbox's Class B stock, which offers greater voting power than the Class A shares it plans to sell to the public. If Dropbox's stock hits the highest price target specified in the grant - $60 a share - and Houston holds on to all of the shares he was granted as a part of it, the actual value of the stock granted to him by the company as part of this plan would be $930 million. Just that batch would be worth $62 million at that price. After January 1 - and the lock-up period passes on insider selling - some 3.1 million of Houston's shares will vest if Dropbox's shares hit $20. He could begin reaping some of the rewards from the grant as early as next year. It will vest over the next four to 10 years, depending on the company's stock hitting certain price targets under Houston's stewardship. But the bulk of his salary came in the form of a restricted stock grant.ĭropbox valued that grant - 15.5 million shares, all in all - at $109.6 million, figuring each share was worth about $7.07. The breakdown: Houston made $400,000 in base salary, plus a $260,000 cash bonus. The S-1 revealed that CEO and cofounder Drew Houston made about $110 million in cash and stock in 2017. On Friday, the well-known cloud storage company filed the paperwork for its long-awaited IPO. He stands to make a lot more, thanks to an incentive system tied to Dropbox's share price: If Dropbox shares hit $60, his total stock hoard will be worth $930 million.Ĭloud storage company Dropbox is going public - and its CEO, Drew Houston, is due to make a whole lot of money. Houston took home about $110 million in cash and stock in 2017. Dropbox filed to go public on Friday, revealing CEO Drew Houston's salary for the first time.

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