$1m / year is actually a very common base salary, for tax reasons -- anything above that amount the company can't deduct as a compensation expense. The majority of CEO compensation is via bonuses and long-term equity incentives (grant, options, etc.).
Exactly, there is up to 4MM, +12MM + 30MM in comps in that offer. as well as up to 25K legal, 50K security, stocks and loans and other grants in there too.
