- 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.
- See more stories on Insider’s business page.
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 paperwork 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 an Insider analysis of his SEC filings.
He owned about 0.02% of Amazon stock, according to FactSet data reported by CNBC on Friday.
Bezos’ Amazon stake totaled about $170 billion in May. He sold about $10 billion 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 Yahoo Finance.
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 Insider’s analysis. If he hadn’t sold those shares, his holdings would have been worth about $1.8 billion in February, it said.