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7/3, 12:22 AM (Source: TeleTrader)
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Amazon grants next CEO Jassy 61,000 shares

Amazon.com Inc, said in a filing with the Securities and Exchange Commission (SEC) on Friday that its incoming CEO Andy Jassy will be granted 61,000 shares of the company's common stock once he assumes his position.

"In connection with Mr. Jassy’s promotion, the Company approved a restricted stock unit award under the Company’s 1997 Stock Incentive Plan with respect to 61,000 shares of common stock of the Company, which will be granted as of the date Mr. Jassy becomes President and Chief Executive Officer and vest over ten years, and approved providing Mr. Jassy with appropriate security arrangements," Amazon said in the filing.

Earlier this year, the tech giant announced Jassy will replace Jeff Bezos as CEO on July 5.

Breaking the News / NP