Total compensation Nvidia Boss Jensen Huang reaches $ 50 million after raising it for the first time in 10 years – NVIDIA (NASDAQ: NVDA)
Nafidia Company Nvda CEO Gensen Huang He received the first increase in al -Qaeda salary in 10 years.
What happened: The Compensation Committee has raised the total wage of Huang by $ 7 million, according to a file of the agency to the Securities and Stock Exchange Committee on Thursday.
His basic salary rose by 50 % to $ 1.5 million, and put it in a percentage 75 compared to their peers, and his first increase in a decade.
The targeted monetary reward from Huang remained 200 % of his basic salary, reaching $ 3 million, while the target stock award increased by 25 % to $ 27.5 million, slightly higher than the average peer.
The stock prizes rose to $ 38.8 million, which increased the total compensation to $ 49.9 million.
See also: Jensen Huang meets NVIDIA at the Japanese Prime Minister to discuss the increasing energy needs of artificial intelligence
The package also included $ 3.5 million in housing security, consulting fees, and drivers’ services.
The target stock prizes were also collected for other senior executives for $ 3 million to $ 3.5 million to reflect the increasing range and the complexity of their roles, while maintaining the consistency of wages through driving.
CC [Compensation Committee] It is believed that this was appropriate in looking at the rights of internal wages with the basic salaries of other Neos and also represented the increase in the basic salary of Mr. Huang in 10 years, “I read the deposit.
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Why is this important: In 2024, it was reported that the total Huang compensation in the past fiscal year amounted to $ 34.2 million, driven by a 60 % increase attributed to the prosperous NVIDIA role in the artificial intelligence sector.
This package included a cash reward of $ 4 million and $ 2.5 million of privileges such as security and consulting services.
Huang, who co -founded NVIDIA in 1993, has a large share in the company, and has already achieved tens of billions of gains.
According to the billionaire backed indexHuang is currently $ 100 billion, making it the 17 richest people in the world.
NVIDIA currently has a market value of $ 2.793 trillion. NVIDIA shares have decreased by 17.21 % so far this year, but they remain by 28.96 % over the past 12 months, according to Benzinga Pro Data.
The company’s Benzinga Edge shares given to the company with a strong growth of 94.78 %, reflecting a strong performance for other leading technology companies.
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Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.
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