Amazon CEO Andy Jassy took a massive pay cut in 2022, making just $1.3 million. He made over $200 million in 2021, including stocks.
Jassy was paid $1.3 million in 2022, including a $317,500 base salary plus another $981,000 in 401 plan contributions and security costs, according to the company'sIt's a massive drop from the $212.7 million he received in 2021 when he got promoted to CEO. Jassy's total compensation was $35.8 million in 2020.
Jassy's much smaller compensation in 2022 was due to him not receiving any stock awards during the year. Jassy had received nearly $212 million in stock awards in 2021, but they will take 10 years to vest and are intended to represent most of his compensation for the coming years, Amazon said in aAccording to his stock vesting schedule, Jassy vested $31.9 million in 2022 and is expected to vest $18.9 million in 2023.
That said, Jassy's base salary jumped 80% from $175,000 in 2021, according to Thursday's filing which comes ahead of Amazon's annual shareholder meeting on May 24.
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