Wal-Mart E-Commerce CEO Gets $244 Million in Pay After Jet Deal
- The bulk of his payout comes from shares tied to the merger
- CEO McMillon’s compensation rose 13% to $22.4 million
Marc Lore.
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Wal-Mart Stores Inc. executive Marc Lore reaped an astronomical $243.9 million in compensation last year, fueled by shares he received as part of the sale of his company to the retail giant.
The package included restricted stock worth $236.3 million, which came as part of the buyout of his company, Jet.com, according to a regulatory filing Thursday. Most of those shares will vest monthly through September 2021 starting later this year. He also received about $7.55 million in salary, stock awards and perks.