Nvidia Founder, CEO Jensen Huang Eligible for $3M Bonus in FY25

Dow Jones03-15

Nvidia Chief Executive and founder Jensen Huang is eligible to earn a bonus of up to $3 million this fiscal year, after receiving no bonus in fiscal 2023.

The chipmaking giant said in a regulatory filing Thursday that its board had approved a target award for Huang of $3 million, or 200% of Huang's base salary, in the fiscal year ending Jan. 26, 2025.

According to Nvidia's proxy filing, Huang had a base salary of $1 million and a variable cash bonus target of $2 million in fiscal 2023. But because the company's fiscal 2023 revenue fell short of performance goals, Huang didn't receive a variable cash payout.

Huang historically has made most of his earnings in the form of stock awards. In fiscal 2023, Huang earned $19.7 million worth of Nvidia stock, up from $18.7 million the year before.

Chief Financial Colette Kress will be eligible for a fiscal 2025 bonus of up to $300,000, or 33% of her base salary. That target cash award is unchanged from fiscal 2023, according to filings.

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Comments

OpenMind
03-15
OpenMind
compared to some of the high fliers in Singapore.... and the results.... Jensen is the way to go...
HappyChoo
03-15
HappyChoo
Like this company. At least, it doesn't give ridiculous payout. It's going for the long ride
zetora420
03-15
zetora420
I believe that NVDA will go from strength to strength and will set new benchmarks for fellow rivals to catch up/follow... Way to go, NVDA!

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But because the company's fiscal 2023 revenue fell short of performance goals, Huang didn't receive a variable cash payout.Huang historically has made most of his earnings in the form of stock awards. In fiscal 2023, Huang earned $19.7 million worth of Nvidia stock, up from $18.7 million the year before.Chief Financial Colette Kress will be eligible for a fiscal 2025 bonus of up to $300,000, or 33% of her base salary. That target cash award is unchanged from fiscal 2023, according to filings.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":284674424271120,"gmtCreate":1710506772058,"gmtModify":1710506777938,"author":{"id":"3582064888282026","authorId":"3582064888282026","name":"OpenMind","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3582064888282026","idStr":"3582064888282026"},"htmlText":"compared to some of the high fliers in Singapore.... and the results.... Jensen is the way to go...","listText":"compared to some of the high fliers in Singapore.... and the results.... Jensen is the way to go...","text":"compared to some of the high fliers in Singapore.... and the results.... Jensen is the way to go...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/284674424271120","repostId":2419595686,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":284570526413112,"gmtCreate":1710481414201,"gmtModify":1710481418406,"author":{"id":"4092525468598030","authorId":"4092525468598030","name":"HappyChoo","avatar":"https://static.tigerbbs.com/cde9e6e4075951008604ea783f99efed","vip":1,"crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"4092525468598030","idStr":"4092525468598030"},"htmlText":"Like this company. At least, it doesn't give ridiculous payout. It's going for the long ride","listText":"Like this company. At least, it doesn't give ridiculous payout. It's going for the long ride","text":"Like this company. At least, it doesn't give ridiculous payout. It's going for the long ride","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/284570526413112","repostId":2419595686,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":284545548517568,"gmtCreate":1710475213941,"gmtModify":1710475219211,"author":{"id":"4155480669068832","authorId":"4155480669068832","name":"zetora420","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"4155480669068832","idStr":"4155480669068832"},"htmlText":"I believe that NVDA will go from strength to strength and will set new benchmarks for fellow rivals to catch up/follow... Way to go, NVDA!&nbsp;","listText":"I believe that NVDA will go from strength to strength and will set new benchmarks for fellow rivals to catch up/follow... Way to go, NVDA!&nbsp;","text":"I believe that NVDA will go from strength to strength and will set new benchmarks for fellow rivals to catch up/follow... Way to go, NVDA!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/284545548517568","repostId":2419595686,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":11,"commentSize":3,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2419595686"}