Amazon CEO's Compensation Sees Significant Increase

In a recent disclosure, Amazon.com Inc. announced that CEO Andy Jassy's total compensation for 2024 reached $40.1 million, marking a 37% increase from his 2023 earnings of $29.2 million.

Breaking Down the Compensation

Jassy's base salary remained steady at $365,000, unchanged from the previous year. Notably, Amazon highlighted that "The Leadership Development and Compensation Committee did not grant a restricted stock unit award for Mr. Jassy in 2024 and has not granted him an award since 2021."

The Role of Stock Performance

The tech giant attributed the jump in Jassy's realized compensation—encompassing salary, other components, and the value of vested stock—to the company's strong stock price performance throughout the year.