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

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.