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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