Amazon is planning to award the incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over ten years, the company said in a regulatory filing on Friday. Amazon will record the grant of 61,000 shares on July 5. That’s the date Jassy succeeds Jeff Bezos in the online retailer’s first CEO transition since its founding in 1994.

The award’s value will depend on how the shares are trading when they pay out in future years, inspiring Jassy to grow a company worth $1.77 trillion today. Jassy’s base salary has been $175,000, filings show. On top of that, he has $45.3 million in previously awarded stock that is vesting this year and had $41.5 million vests in 2020. The annual median pay at Amazon was $29,007 last year across full, part-time, and temporary employees worldwide, excluding Bezos, whose base salary was $81,840. The founder’s outsized stake in Amazon has made him the wealthiest person in the world.

Jassy’s vested equity was still smaller than payouts to rival CEOs in the technology industry. Microsoft’s Satya Nadella had $215 million in the stock vest for the fiscal year ended June 30, 2020. Apple’s Tim Cook had $281.9 million in the stock vest.