Last month, Move Inc.'s former chief strategy officer, Errol Samuelson, resigned to go work for Zillow. Samuelson's decision caught everyone by surprise including his former boss, Move Inc CEO Steve Berkowitz. According to Inman News, Samuelson said he was drawn to the company’s innovative culture and the chance to connect with a large consumer base.
Now Zillow has disclosed yet another motivation for Samuelson's move; according to the United States Securities and Exchange Commission Zillow has granted Samuelson 59,320 shares of its Class A common stock valued over USD$5 million based on Zillow’s current share price.
Although the shares don’t belong to Samuelson just yet, they will vest gradually over a four-year period from their April 4 issue date. Zillow has not disclosed information regarding Samuelson's salary yet.
The above article was sourced from Inman News. Read the rest of the original article here.