scorecard
  1. Home
  2. tech
  3. news
  4. Incoming Amazon CEO Andy Jassy's newest stock award tops $200 million. This is how his Amazon holdings compare to Jeff Bezos'.

Incoming Amazon CEO Andy Jassy's newest stock award tops $200 million. This is how his Amazon holdings compare to Jeff Bezos'.

Kevin Shalvey   

Incoming Amazon CEO Andy Jassy's newest stock award tops $200 million. This is how his Amazon holdings compare to Jeff Bezos'.
  • Amazon has granted incoming Amazon CEO Andy Jassy 61,000 shares.
  • The grant, worth about $214 million at Friday's close, will vest over 10 years.
  • Jassy on July 5 will take the helm of the company as CEO Jeff Bezos steps down.

Incoming Amazon CEO Andy Jassy's newest stock award totaled more than $214 million, a high-dollar payout that would vest over 10 years, but still paled in comparison with founder Jeff Bezos' company holdings.

Amazon on Friday filed $4 with the Securities and Exchange Commission (SEC) detailing Jassy's newest award of 61,000 shares. Amazon stock ended the week at $3,510.98 per share, placing Jassy's new grant just above $214 million.

Jassy's total Amazon holdings before the award were worth about $270 million, according to $4 of his SEC filings.

He owned about 0.02% of Amazon stock, according to FactSet data reported by $4 on Friday.

Bezos, who $4 as chief executive on July 5, holds $4 of the company and more than 50 million shares, according to $4.

Bezos' Amazon stake totaled about $170 billion in May. He sold $4 in stock in 2020.

Wall Street analysts' average price target for Amazon's stock was $4,241.33, about 21% above Friday's close, according to $4.

The stock ticked up 2% in after-hours trading on Friday.

Jassy sold about 460,000 Amazon shares over the last 15 years, according to $4. If he hadn't sold those shares, his holdings would have been worth about $1.8 billion in February, it said.

READ MORE ARTICLES ON



Popular Right Now



Advertisement