Amazon CEO's Compensation Sees Significant Increase

In a recent annual proxy statement, Amazon.com Inc. disclosed that CEO Andy Jassy's total compensation for 2024 reached a staggering $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."

Stock Performance Drives Compensation Growth

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