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Part of How to read executive pay filings and what they can and cannot show about net worth
Dated executive pay and share filings, and why most net worth totals cannot be verified
A dated table of disclosed executive pay and share filings, each with the document behind it, and why most net worth totals cannot be verified.
What to take away
- No verifiable net worth total exists for most executives named on wealth lists, so the entries here carry disclosed pay and share transactions, each with the document behind it.
- Every checkable entry names the document, the unit and the price date.
- Proxy statements set the disclosure calendar, which is why pay coverage clusters in April and early May.
- A moved figure usually tracks a moved share price, not new disclosure.
- Mark Zuckerberg is the exceptionMeta's proxy itemises his stake, so his net worth can be rebuilt from two public inputs.
Dated updates, filing by filing
The rows below are entries with a document behind them. The header states what the number measures, because a pay award and a share sale support different claims.
What a package contains, and how each part reaches a filing, is covered on executive net worth. Read it before comparing two totals, because the label on a number decides what that number can support.
| Date | Executive | Disclosed compensation, not net worth | Filing behind it |
|---|---|---|---|
| 2024-02-14 | Mark Zuckerberg, Meta | Share sale of roughly $135 million | Meta Form 4 |
| 2024-04-15 | Jamie Dimon, JPMorgan Chase | About $36 million for 2023 | JPMorgan Chase DEF 14A |
| 2024-04-19 | Tim Cook, Apple | About $63.2 million for 2023, down from $99.4 million for 2022 | Apple DEF 14A |
| 2024-04-24 | Sundar Pichai, Alphabet | About $8.8 million for 2023, after a $226 million equity award in 2022 | Alphabet DEF 14A |
| 2024-04-25 | Satya Nadella, Microsoft | About $79.1 million, up from $54.9 million | Microsoft DEF 14A |
| 2024-05-01 | Andy Jassy, Amazon | About $1.3 million for 2023, mostly security costs | Amazon DEF 14A |
| 2025-01 | Tim Cook, Apple | About $74.6 million for 2024 | Apple DEF 14A |
| 2025-04 | Jamie Dimon, JPMorgan Chase | About $39 million for 2024 | JPMorgan Chase DEF 14A |
| 2025-04 | Sundar Pichai, Alphabet | About $10.7 million for 2024 | Alphabet DEF 14A |
| 2025-04 | Andy Jassy, Amazon | About $2.2 million for 2024 | Amazon DEF 14A |
| 2025-10 | Satya Nadella, Microsoft | About $96.5 million for fiscal 2025 | Microsoft DEF 14A |
Dated filings behind the figures
- 2024-02-14Meta Form 4, Zuckerberg share sale
- 2024-04-15JPMorgan Chase DEF 14A, Dimon pay
- 2024-04-19Apple DEF 14A, Cook pay
- 2024-04-24Alphabet DEF 14A, Pichai pay
- 2024-04-25Microsoft DEF 14A, Nadella pay
- 2024-05-01Amazon DEF 14A, Jassy pay
Month-only dates mean the filing date is confirmed to the month, not the day. No row is added on the strength of a news report.
The table records filings that have been read. No 2026 proxy row appears until the DEF 14A behind it sits on EDGAR.
Each document is retrievable through the commission's EDGAR full text search.
Why the April cluster is not news
Annual pay appears in the proxy statement, as the glossary entry on proxy statement describes. Insider transactions are reported within two business days, which the entry on Form 4 explains.
Four of the 2024 rows above land in April because those companies hold annual meetings in spring. Their pay was decided months earlier.
The terms behind those numbers are settled in contracts signed well before the disclosure date. The contracts and salaries guide works through how salary, equity awards and perks are written into those agreements.
The documents became public in one window, and coverage followed the documents.
Where the figures break
Two sites can publish $400 million and $1.2 billion for the same executive with no filing between the two numbers. That gap is not a correction. It is two guesses, and neither names its inputs.
Why net worth figures diverge
Disclosed holdings
- Source of share count
- Proxy ownership table
- Example person
- Zuckerberg
- Resulting figure
- Defensible total
- Rank stability
- Stable
Undisclosed holdings
- Source of share count
- Compiler's guess
- Example person
- Most other executives
- Resulting figure
- $400M vs $1.2B gap
- Rank stability
- Relative, can drop 10 places
For most names on a wealth list, the exclusions outrun the inclusions. Private companies, property and past sales rarely appear in a filing.
A defensible estimate names the share count, the price date and what it leaves out. The estimate methodology page sets out the five steps and where each one fails.
Example: rebuilding one net worth figure from a proxy
Meta's proxy ownership table itemises Mark Zuckerberg's stake. Take his disclosed percentage of the company and Meta's market value on a date you choose, and the arithmetic returns a figure.
Across 2024 that calculation put his stake somewhere between roughly $130 billion and $210 billion. The band widens or narrows with the price date. The share count is the filing's; the price is the market's.
This is the only net worth claim a reader can check outright, because both inputs are published. For hired executives the same arithmetic fails.
Cook, Nadella and Dimon hold disclosed shares, but their wealth also sits in accumulated pay, property and private holdings that no filing itemises.
What an update must name
A dated entry carries four things, in the table or underneath it:
- The form type, the filer and the filing date.
- The unit, whether that is compensation in dollars, shares held or an option strike.
- The price date, whenever a share price enters the arithmetic.
- The earlier figure, when the entry is a revision rather than a first report.
Anything less is a claim with a date on it, not a dated update.
A revision that holds up keeps the old number visible and says what changed. An overwritten page leaves nothing to compare, and after a few cycles the current figure looks settled when it is not.
Rank moves that are not news
A person can drop ten places without anything about them changing, because rank is relative. In a published table the reader cannot see whose number moved, so a slip reads as a loss.
The movement belongs to the table, not to the person. Two compilers can also rank the same executive on different dates, producing a change with no filing behind it.
The richest rankings page sets out how to read those tables with the movement and the missing filings in view.
