Larry Ellison’s total compensation grew by about 12 times the amount seen the year prior.
1. Larry Ellison
Oracle co-founder and CTO Larry Ellison collected $138.7 million in total compensation for fiscal year 2022, according to the SEC documents. That amount is about 12 times his total compensation the year prior, due in part to option awards he didn't receive last year.
Ellison's pay package includes the $1 in annual base pay that he's received since fiscal year 2011, according to SEC documents. He received a performance-based cash bonus of $7.8 million, about 20 percent less than the bonus he received the prior fiscal year.
'Although Mr. Ellison has a significant equity interest in Oracle, the Compensation Committee believes his annual compensation package is necessary to maintain the focus of his visionary drive and his active role in our operations, technology, strategy and growth,' according to the SEC documents.
Ellison received option awards equating to $129.3 million, and $1.6 million in 'other compensation.'
Other compensation included $5,100 for Ellison's 401(k) and $648 in 'flexible credits used toward covering the premiums for cafeteria-style benefit plans, including life insurance and long-term disability benefits.'
Oracle paid $1.6 million in security-related costs and expenses for Ellison's primary residence, according to the documents. He pays for the security at his other homes.
The company also paid for about $7,600 worth of legal counsel fees for Ellison, stating, 'We hire legal counsel to assist our executives with complying with reporting obligations under applicable laws in connection with their personal political campaign contributions'.
Ellison's pay package didn't include any new equity awards. He is the largest Oracle stockholder, owning about 42.9% of the company's common stock.
