Amazon CEO's Compensation Sees Significant Increase

In a recent annual proxy statement, Amazon.com Inc. disclosed that CEO Andy Jassy's total compensation reached $40.1 million in 2024, marking a 37% increase from the previous year's $29.2 million.

Breakdown of Jassy's Compensation

Jassy's base salary remained steady at $365,000, unchanged since 2023. Notably, Amazon highlighted that no restricted stock unit awards were granted to Jassy in 2024, continuing a trend since 2021.

Stock Performance Drives Compensation Growth

The tech giant attributed the rise in Jassy's realized compensation to Amazon's stock price performance, which includes salary, other compensation components, and the value of stock vested during the year.