In a recent financial disclosure, Amazon.com Inc.’s seasoned legal executive, David Zapolsky, reported a substantial compensation increase due to stock awards he received in 2024. The proxy statement filed with the U.S. Securities and Exchange Commission reveals that his total compensation reached approximately $25.7 million, nearly all of which came from stock awards estimated at $25.3 million. His base salary remained consistent at $365,000, mirroring the amount he received in 2023.
This compensation increase represents a significant uptick from the $371,600 he was awarded in 2023, a year Amazon typically designates as an “off-pay year” for large equity grants. The increase can be attributed to Amazon’s practice of providing its top executives with considerable equity-based incentives every two years. This biannual schedule led to Zapolsky previously receiving pay packages valued at $18.2 million in a prior period.
For more details, see the original coverage on Bloomberg Law.