In 2021, Andy Jassy took over as CEO of Amazon $AMZN
while in 2019, Sundar Pichai transitioned as CEO of Alphabet $GOOG
How their compensation packages compared on transition in terms of basic salary and stock awards? ⬇️
Basic salary: $175K
Stock Awards: $212M in grant date fair value restricted stock units (RSUs) vesting over a 10-year period, with 80% vesting between 5 and 10 years after grant.
Basic salary: $2M
Stock Awards: $277M in grant date fair value stock awards including $121M in performance stock units (PSUs) vesting over a 2 and 3-year period, $125M RSUs vesting over a 3-year period and one time transitional stock award of $31M.
Conclusion: In our opinion, $AMZN
compensation package upon the CEO transition seems to better align management with shareholders, nevertheless, both packages are solid and shareholder friendly.
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