""A Securities and Exchange Commission filing said Huffman in 2023 got a salary of $341,346, which is relatively low for a CEO of a major public corporation. In February, this was raised to $550,000. He also got a $792,000 bonus last year based on Reddit's user numbers, revenue, and a type of profitability known as adjusted EBITDA that excludes certain expenses."

"The bulk of his compensation package is now in restricted stock units and stock options. A lot of this compensation is based on Huffman staying at Reddit through late 2028, and some is triggered by completing Reddit's initial public offering, the SEC filing said.

Half of the stock options vest at $25.29, a relatively easy bar to reach. The other half vest only if Reddit shares reach $45, $60, and $90 in public-market trading over 10 years, the SEC filing says — that's a higher bar and aligns the CEO's interests with shareholders."