Jeff Bezos Andy Jassy 2020 awards Jeff Bezos Andy Jassy

Amazon Gives Incoming CEO Andy Jassy Stock Awards Worth More Than $200 Million

Reading now: 852
variety.com

Cynthia Littleton Business EditorIncoming Amazon CEO Andy Jassy has been given stock awards valued at well over $200 million based on the tech giant’s four-figure stock price at present.Jassy has been granted 61,000 shares of Amazon common stock as of July 5, when he takes over the helm from founder Jeff Bezos.

The stock awards will vest over the next 10 years, the company disclosed Friday in a Securities and Exchange Commission filing.

Amazon shares closed Friday at $3510.98.Jassy was named as Bezos’ successor as CEO in February. As of next week, Bezos will shift to executive chairman of the e-commerce and web services giant that he founded in 1994.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA