New Delhi: Amazon.com Inc.
plans to present the Chief Executive of Andy Jassy more than $ 200 million in extra stock, which will pay more than 10 years, the company said in the submission of regulations on Friday.
Amazon will record a 61,000 shares grant on July 5, the archiving said.
That was the Jassy dating replacing Jeff Bezos in the first transition CEO of online retailers since it was founded in 1994.
On a nearby Friday, the shares were worth around $ 214 million.
The exact value of award will depend on how the shares are traded when they pay in the coming years, prompt Jassy to grow a company worth $ 1.77 trillion today.
Although Amazon does not reveal a vesting schedule, the previous stock grant has not been directly.
Jassy’s base salary is $ 175,000, submission shows.
Above that, he has $ 45.3 million in stock previously awarded which is a vesting this year and has $ 41.5 million vest in 2020.
The annual median at Amazon is $ 29,007 years of full employee traffic, part time and While throughout the world, not including Bezos, the base salary is $ 81,840.
Outsized betting founder in Amazon has made it the richest person in the world.
Jassy’s Equity above is still smaller than payment to rival the CEO in the technology industry.
Satya Nadella Microsoft Corp has $ 215 million in a stock vest for the fiscal year which ended on June 30, 2020, above the basic salary of $ 2.5 million, for example.
Tim Cook Apple Inc.
has a stock vest of $ 281.9 million, according to proxy 2021.
Some government experts have criticized the salary scheme because they value the executive regardless of whether they reached a corporate milestone.
Stock grants can be more appropriate for startup than for established companies such as Amazon, said John C Coffee Jr., Director of the Corporate Governor Center at Columbia Law School.
“This gives a little compensation award before time,” Coffee said.
“It’s like winning a prize for the race before the race is won.” Amazon plans to stop the previous Bannual Stock Grants to Jassy, ​​aim for the latest award to take into account the majority of compensation in the coming years, someone who is familiar with the problem.