Amazon’s incoming CEO Jassy gets $215 million in restricted stock

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Amazon.com Inc.
AMZN,
+2.27%
said late Friday its incoming chief executive, Andrew Jassy, will get an estimated eight-figure stock award as he takes his new position. In a filing with the Securities and Exchange Commission, Amazon said it awarded Jassy 61,000 shares of restricted stock that will vest over the next ten years. At Friday’s closing price of $3,510.98, that works out to just shy of $215 million. Jassy, who has led the highly-profitable Amazon Web Services since it was started in 2006, will also become a member of Amazon’s board. On Monday, Jeff Bezos will officially step down as CEO, while retaining his position as chairman, just before he’s scheduled to go into space later this month.

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