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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