The total compensation included a base salary of $175,000, which was unchanged, and stock awards valued at $211.93 million, up from $35.64 million a calendar year back. He also had “all other compensation” of $592,649, like $589,149 in expenses to Amazon for security preparations at business facilities and for small business travel.

Jassy was promoted to CEO efficient July 2021, as founder Jeff Bezos transitioned to govt chairman. Examine much more about Jeff Bezos’ changeover.

“Faced with the very first CEO succession in the company’s background, the Leadership Advancement and Payment Committee determined it significant to offer for clarity and stability via an award that is built to set up a prolonged-expression owner’s point of view and stimulate bold, extended-time period initiatives, in the similar way that Mr. Bezos’s shares as founder incentivized him to concentration on very long-phrase, expansive progress,” Amazon stated in the proxy.

Amazon said the $211.93 million in stock awards for Jassy basically vests above 10 yrs, with far more than 80% of the award scheduled to vest amongst 5 and 10 many years soon after the grant.

The firm claimed the stock award is intended to represent most of Jassy’s compensation for the coming a long time.

As thriving as Bezos was operating Amazon, Jassy was no slouch as CEO of Amazon Web Companies (AWS), the cloud small business that noticed huge growth beneath his view from April 2016 to July 2021. AWS generated earnings of $62.2 billion in 2021, or 13.2% of full income, up from $12.2 billion, or 9.% of complete earnings, in 2016. Essentially, AWS earnings greater a very little much more than fivefold the previous 5 several years, though overall income extra than tripled, to $469.8 billion from $136. billion.

Jassy has currently started earning his mark on Amazon, as the company introduced in February that it acquired $2.12 billion well worth of its stock year to day, the 1st time it has repurchased shares since 2012. And though the firm was usually accused of mistreating workforce beneath Bezos look at, the firm now strives to be “Earth’s very best employer” with Jassy in charge. That did not end Amazon personnel in Staten Island, New York from voting to unionize on Friday.

Independently, Bezos’ new job didn’t arrive with any much more dollars. His overall compensation for 2021 was $1.68 million, including $81,840 in foundation income and $1.60 million in all other compensation, particularly the same since 2010.

Amazon’s inventory rose .4% in afternoon buying and selling Friday. It has slipped 1.8% so much this yr soon after attaining 2.4% in 2021, when the S&P 500 index
SPX
has get rid of 4.8% this 12 months right after running up 26.9% last 12 months.