He wasn't paid that amount. He got 341,000 in cash and the rest was in stocks and options (which will only be worth that much if the company performs well financially).
This us place is just like Reddit, nobody ever reads the article.
Honestly, I'm kinda looking forward to the IPO - because it might be the last enshittification straw that breaks the camel's neck that will finally drown reddit for what it has become.
So why does your CEO get paid quarter of a billion a year if they had to hike their APIs unreasonably and kill all 3rd party apps because "reddit wasn't profitable" despite not paying a dime to the mods running their website niether to contribitors, posters nor users ?!?! Reddit is scummier than Uber