(CNN Business) Amazon (AMZN) CEO Andy Jassy received a pay package valued at $212.7 million in 2021, marking a substantial compensation increase for the executive during his first year running the tech giant, according to a company filing with the US Securities and Exchange Commission on Friday.
Nearly all of Jassy's compensation comes in the form of stock options that will vest over 10 years, according to the filing. Jassy's 2021 compensation marks a sixfold increase to his pay in 2020, when he was head of Amazon's profit-generating cloud-computing arm AWS.
Jassy became Amazon CEO last summer, replacing Jeff Bezos, who continues to serve as executive chair of Amazon's board but stepped down as chief executive to focus on his space-faring company Blue Origin and other ventures. Bezos' pay remained unchanged at nearly $1.7 million, though his holdings of Amazon stock make him the second-richest person in the world, per the Bloomberg Billionaires Index
Amazon's disclosure notably came the same day that workers at a Staten Island, New York, warehouse made history by voting to form the first US union in the tech giant's 27-year history. It also comes amid a separate union election vote count at an Amazon warehouse in Bessemer, Alabama, concluding on Thursday with the results of the vote too close to call — as the number of ballots challenged by either the union or Amazon is large enough to sway the final results.