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 an impressive $40.1 million, marking a 37% increase from his 2023 earnings of $29.2 million.

Breaking Down the Compensation

Despite the substantial overall increase, Jassy's base salary remained steady at $365,000, unchanged from the previous year. 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 rise in Jassy's realized compensation, which includes salary and the value of vested stock, to the company's strong stock price performance throughout the year.