Insider at

04

Insider transactions

05
0 buys (P) 1 sells (S) Net: $-1,606,633 + 86 non-open-market transactions below 12 months to the week close of 2026-10-23

Price change vs the latest weekly close (updated to the current quote in your browser when available), split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

86 other filings hidden
DateTickerCodeSharesPriceValue Owned afterΔ ownA/Dvs now
Aug. 21, 2026 AMZN S 10b5-1 6,172 $260.31 $1,606,633 109,207 Direct -5.35% Disposed -4.7% (price as of )
Aug. 21, 2025 AMZN S 10b5-1 17,750 $222.74 $3,953,635 49,000 Direct -26.59% Disposed 11.3% (price as of )
May 21, 2025 AMZN S 10b5-1 17,750 $201.57 $3,577,868 49,000 Direct -26.59% Disposed 23.0% (price as of )
Feb. 21, 2025 AMZN S 10b5-1 14,620 $223.14 $3,262,307 49,000 Direct -22.98% Disposed 11.1% (price as of )
Nov. 21, 2024 AMZN S 10b5-1 14,600 $202.88 $2,962,048 49,000 Direct -22.96% Disposed 22.2% (price as of )
Aug. 21, 2024 AMZN S 10b5-1 14,600 $180.00 $2,628,000 49,000 Direct -22.96% Disposed 37.8% (price as of )
May 21, 2024 AMZN S 10b5-1 14,600 $182.11 $2,658,806 49,000 Direct -22.96% Disposed 36.2% (price as of )
Feb. 21, 2024 AMZN S 10b5-1 16,800 $168.97 $2,838,696 49,000 Direct -25.53% Disposed 46.8% (price as of )
Nov. 21, 2023 AMZN S 10b5-1 16,800 $143.76 $2,415,168 49,000 Direct -25.53% Disposed 72.5% (price as of )
Aug. 21, 2023 AMZN S 10b5-1 16,800 $133.61 $2,244,648 49,000 Direct -25.53% Disposed 85.6% (price as of )
May 22, 2023 AMZN S 10b5-1 16,800 $116.69 $1,960,392 49,000 Direct -25.53% Disposed 112.5% (price as of )
Feb. 21, 2023 AMZN S 10b5-1 16,760 $95.25 $1,596,390 49,000 Direct -25.49% Disposed 160.4% (price as of )
Nov. 21, 2022 AMZN S 10b5-1 15,240 $94.00 $1,432,560 49,000 Direct -23.72% Disposed 163.8% (price as of )
Aug. 22, 2022 AMZN S 10b5-1 16,720 $135.55 $2,266,396 47,500 Direct -26.04% Disposed 83.0% (price as of )

Loaded 100 of 308 rows

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Derivative holdings (Form 4 Table II) Options, RSUs and convertible securities reported on Form 4 Table II.

06
DateTickerSecurityUnderlying Exercise priceExpirationSharesA/D
Aug. 21, 2026 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (9,900) · Feb. 21, 2028 9,900 Disposed
Aug. 21, 2026 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (5,530) · Feb. 21, 2030 5,530 Disposed
May 21, 2026 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (9,920) · Feb. 21, 2028 9,920 Disposed
May 21, 2026 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (5,530) · Feb. 21, 2030 5,530 Disposed
April 8, 2026 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (106,374) · Feb. 21, 2032 106,374 Acquired
Feb. 21, 2026 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (8,780) · Feb. 21, 2026 8,780 Disposed
Feb. 21, 2026 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (3,920) · Feb. 21, 2028 3,920 Disposed
Feb. 21, 2026 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (5,049) · Feb. 21, 2030 5,049 Disposed
Nov. 21, 2025 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (8,760) · Feb. 21, 2026 8,760 Disposed
Nov. 21, 2025 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (3,940) · Feb. 21, 2028 3,940 Disposed
Nov. 21, 2025 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (5,050) · Feb. 21, 2030 5,050 Disposed
Aug. 21, 2025 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (8,760) · Feb. 21, 2026 8,760 Disposed
Aug. 21, 2025 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (3,940) · Feb. 21, 2028 3,940 Disposed
Aug. 21, 2025 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (5,050) · Feb. 21, 2030 5,050 Disposed
May 21, 2025 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (8,760) · Feb. 21, 2026 8,760 Disposed
May 21, 2025 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (3,940) · Feb. 21, 2028 3,940 Disposed
May 21, 2025 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (5,050) · Feb. 21, 2030 5,050 Disposed
Feb. 21, 2025 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (11,380) · Feb. 21, 2026 11,380 Disposed
Feb. 21, 2025 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (3,240) · Feb. 21, 2028 3,240 Disposed
Nov. 21, 2024 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (11,360) · Feb. 21, 2026 11,360 Disposed
Nov. 21, 2024 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (3,240) · Feb. 21, 2028 3,240 Disposed
Aug. 21, 2024 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (11,360) · Feb. 21, 2026 11,360 Disposed
Aug. 21, 2024 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (3,240) · Feb. 21, 2028 3,240 Disposed
May 21, 2024 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (11,360) · Feb. 21, 2026 11,360 Disposed
May 21, 2024 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (3,240) · Feb. 21, 2028 3,240 Disposed
April 1, 2024 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (139,665) · Feb. 21, 2030 139,665 Acquired
Feb. 21, 2024 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (10,620) · Feb. 21, 2024 10,620 Disposed
Feb. 21, 2024 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (3,940) · Feb. 21, 2026 3,940 Disposed
Feb. 21, 2024 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (2,240) · Feb. 21, 2028 2,240 Disposed
Nov. 21, 2023 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (10,620) · Feb. 21, 2024 10,620 Disposed
Nov. 21, 2023 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (3,940) · Feb. 21, 2026 3,940 Disposed
Nov. 21, 2023 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (2,240) · Feb. 21, 2028 2,240 Disposed
Aug. 21, 2023 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (10,620) · Feb. 21, 2024 10,620 Disposed
Aug. 21, 2023 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (3,940) · Feb. 21, 2026 3,940 Disposed
Aug. 21, 2023 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (2,240) · Feb. 21, 2028 2,240 Disposed
May 21, 2023 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (10,600) · Feb. 21, 2024 10,600 Disposed
May 21, 2023 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (3,940) · Feb. 21, 2026 3,940 Disposed
May 21, 2023 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (2,260) · Feb. 21, 2028 2,260 Disposed
Feb. 21, 2023 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (13,780) · Feb. 21, 2024 13,780 Disposed
Feb. 21, 2023 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (2,980) · Feb. 21, 2026 2,980 Disposed
Nov. 21, 2022 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (13,780) · Feb. 21, 2024 13,780 Disposed
Nov. 21, 2022 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (2,960) · Feb. 21, 2026 2,960 Disposed
Aug. 21, 2022 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (13,760) · Feb. 21, 2024 13,760 Disposed
Aug. 21, 2022 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (2,960) · Feb. 21, 2026 2,960 Disposed
May 21, 2022 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (688) · Feb. 21, 2024 688 Disposed
May 21, 2022 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (148) · Feb. 21, 2026 148 Disposed
April 5, 2022 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (5,390) · Feb. 21, 2028 5,390 Acquired
Feb. 15, 2022 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,060) · Feb. 15, 2022 1,060 Disposed
Nov. 15, 2021 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,060) · Feb. 15, 2022 1,060 Disposed
Aug. 15, 2021 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,060) · Feb. 15, 2022 1,060 Disposed
May 15, 2021 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,060) · Feb. 15, 2022 1,060 Disposed
Feb. 15, 2021 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,138) · Feb. 15, 2021 1,138 Disposed
Feb. 15, 2021 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (239) · Feb. 15, 2022 239 Disposed
Nov. 15, 2020 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,138) · Feb. 15, 2021 1,138 Disposed
Nov. 15, 2020 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (239) · Feb. 15, 2022 239 Disposed
Sept. 28, 2020 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (5,407) · Feb. 21, 2026 5,407 Acquired
Aug. 15, 2020 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,138) · Feb. 15, 2021 1,138 Disposed
Aug. 15, 2020 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (239) · Feb. 15, 2022 239 Disposed
May 15, 2020 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,137) · Feb. 15, 2021 1,137 Disposed
May 15, 2020 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (239) · Feb. 15, 2022 239 Disposed
Feb. 15, 2020 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,480) · Feb. 15, 2021 1,480 Disposed
Feb. 15, 2020 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (285) · Feb. 15, 2022 285 Disposed
Nov. 15, 2019 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,480) · Feb. 15, 2021 1,480 Disposed
Nov. 15, 2019 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (285) · Feb. 15, 2022 285 Disposed
Aug. 15, 2019 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,480) · Feb. 15, 2021 1,480 Disposed
Aug. 15, 2019 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (285) · Feb. 15, 2022 285 Disposed
May 15, 2019 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,479) · Feb. 15, 2021 1,479 Disposed
May 15, 2019 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (284) · Feb. 15, 2022 284 Disposed
Feb. 15, 2019 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (782) · Feb. 15, 2021 782 Disposed
Feb. 15, 2019 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,117) · Feb. 15, 2019 1,117 Disposed
Feb. 15, 2019 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (131) · Feb. 15, 2022 131 Disposed
Nov. 15, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (782) · Feb. 15, 2021 782 Disposed
Nov. 15, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,117) · Feb. 15, 2019 1,117 Disposed
Nov. 15, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (131) · Feb. 15, 2022 131 Disposed
Aug. 15, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (781) · Feb. 15, 2021 781 Disposed
Aug. 15, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,117) · Feb. 15, 2019 1,117 Disposed
Aug. 15, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (130) · Feb. 15, 2022 130 Disposed
May 15, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (781) · Feb. 15, 2021 781 Disposed
May 15, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,117) · Feb. 15, 2019 1,117 Disposed
May 15, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (130) · Feb. 15, 2022 130 Disposed
April 2, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (4,877) · Feb. 21, 2024 4,877 Acquired
Feb. 15, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (748) · Feb. 15, 2021 748 Disposed
Feb. 15, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,361) · Feb. 15, 2018 1,361 Disposed
Feb. 15, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (73) · Feb. 15, 2019 73 Disposed
Feb. 15, 2018 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (151) · Feb. 15, 2022 151 Disposed
Nov. 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (748) · Feb. 15, 2021 748 Disposed
Nov. 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,363) · Feb. 15, 2018 1,363 Disposed
Nov. 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (73) · Feb. 15, 2019 73 Disposed
Nov. 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (150) · Feb. 15, 2022 150 Disposed
Aug. 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (748) · Feb. 15, 2021 748 Disposed
Aug. 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,363) · Feb. 15, 2018 1,363 Disposed
Aug. 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (73) · Feb. 15, 2019 73 Disposed
Aug. 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (150) · Feb. 15, 2022 150 Disposed
May 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (747) · Feb. 15, 2021 747 Disposed
May 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,363) · Feb. 15, 2018 1,363 Disposed
May 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (73) · Feb. 15, 2019 73 Disposed
May 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (150) · Feb. 15, 2022 150 Disposed
Feb. 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (297) · Feb. 15, 2021 297 Disposed
Feb. 15, 2017 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (1,215) · Feb. 15, 2017 1,215 Disposed
Nov. 15, 2016 AMZN Restricted Stock Unit Award Common Stock, par value $.01 per share (297) · Feb. 15, 2021 297 Disposed

Loaded 100 of 117 rows

Exercise/conversion price is blank when not applicable (e.g. RSUs).

Initial ownership (Form 3) 7 holdings

07

Securities held when first becoming an insider, per SEC Form 3.

DateTickerSecuritySharesOwnership
June 11, 2015 AMZN Common Stock, par value $.01 per share 54 Indirect
June 11, 2015 AMZN Restricted Stock Unit Award→ Common Stock, par value $.01 per share (8,000) 8,000 Direct
June 11, 2015 AMZN Restricted Stock Unit Award→ Common Stock, par value $.01 per share (6,721) 6,721 Direct
June 11, 2015 AMZN Restricted Stock Unit Award→ Common Stock, par value $.01 per share (986) 986 Direct
June 11, 2015 AMZN Restricted Stock Unit Award→ Common Stock, par value $.01 per share (17,858) 17,858 Direct
June 11, 2015 AMZN Restricted Stock Unit Award→ Common Stock, par value $.01 per share (5,450) 5,450 Direct
June 11, 2015 AMZN Restricted Stock Unit Award→ Common Stock, par value $.01 per share (4,760) 4,760 Direct

Holdings reported on Form 4 45 reported holdings

08

Positions listed on each Form 4 without a transaction in that filing (Table I and II holdings), newest filing first.

DateTickerSecuritySharesExercise priceExpirationOwnership
Aug. 25, 2026 AMZN Common Stock, par value $.01 per share 1,627 · · Indirect
May 26, 2026 AMZN Common Stock, par value $.01 per share 1,623 · · Indirect
Feb. 24, 2026 AMZN Common Stock, par value $.01 per share 1,598 · · Indirect
Nov. 25, 2025 AMZN Common Stock, par value $.01 per share 1,595 · · Indirect
Aug. 25, 2025 AMZN Common Stock, par value $.01 per share 1,595 · · Indirect
May 23, 2025 AMZN Common Stock, par value $.01 per share 1,591 · · Indirect
Feb. 25, 2025 AMZN Common Stock, par value $.01 per share 1,564 · · Indirect
Nov. 25, 2024 AMZN Common Stock, par value $.01 per share 1,561 · · Indirect
Aug. 23, 2024 AMZN Common Stock, par value $.01 per share 1,561 · · Indirect
May 23, 2024 AMZN Common Stock, par value $.01 per share 1,557 · · Indirect
Feb. 23, 2024 AMZN Common Stock, par value $.01 per share 1,527 · · Indirect
Nov. 24, 2023 AMZN Common Stock, par value $.01 per share 1,523 · · Indirect
Aug. 23, 2023 AMZN Common Stock, par value $.01 per share 1,523 · · Indirect
May 23, 2023 AMZN Common Stock, par value $.01 per share 1,518 · · Indirect
Feb. 23, 2023 AMZN Common Stock, par value $.01 per share 1,468 · · Indirect
Nov. 23, 2022 AMZN Common Stock, par value $.01 per share 1,462 · · Indirect
Aug. 23, 2022 AMZN Common Stock, par value $.01 per share 1,462 · · Indirect
May 24, 2022 AMZN Common Stock, par value $.01 per share 72 · · Indirect
Feb. 17, 2022 AMZN Common Stock, par value $.01 per share 71 · · Indirect
Nov. 17, 2021 AMZN Common Stock, par value $.01 per share 71 · · Indirect
Aug. 17, 2021 AMZN Common Stock, par value $.01 per share 71 · · Indirect
May 18, 2021 AMZN Common Stock, par value $.01 per share 71 · · Indirect
Feb. 17, 2021 AMZN Common Stock, par value $.01 per share 70 · · Indirect
Nov. 17, 2020 AMZN Common Stock, par value $.01 per share 70 · · Indirect
Aug. 18, 2020 AMZN Common Stock, par value $.01 per share 70 · · Indirect
May 19, 2020 AMZN Common Stock, par value $.01 per share 70 · · Indirect
Feb. 19, 2020 AMZN Common Stock, par value $.01 per share 69 · · Indirect
Nov. 19, 2019 AMZN Common Stock, par value $.01 per share 69 · · Indirect
Aug. 19, 2019 AMZN Common Stock, par value $.01 per share 69 · · Indirect
May 17, 2019 AMZN Common Stock, par value $.01 per share 68 · · Indirect
Feb. 20, 2019 AMZN Common Stock, par value $.01 per share 68 · · Indirect
Nov. 19, 2018 AMZN Common Stock, par value $.01 per share 67 · · Indirect
Aug. 17, 2018 AMZN Common Stock, par value $.01 per share 67 · · Indirect
May 17, 2018 AMZN Common Stock, par value $.01 per share 66 · · Indirect
Feb. 20, 2018 AMZN Common Stock, par value $.01 per share 66 · · Indirect
Nov. 17, 2017 AMZN Common Stock, par value $.01 per share 65 · · Indirect
Aug. 17, 2017 AMZN Common Stock, par value $.01 per share 64 · · Indirect
May 17, 2017 AMZN Common Stock, par value $.01 per share 63 · · Indirect
Feb. 17, 2017 AMZN Common Stock, par value $.01 per share 63 · · Indirect
Nov. 17, 2016 AMZN Common Stock, par value $.01 per share 62 · · Indirect
Aug. 17, 2016 AMZN Common Stock, par value $.01 per share 61 · · Indirect
May 17, 2016 AMZN Common Stock, par value $.01 per share 59 · · Indirect
Feb. 17, 2016 AMZN Common Stock, par value $.01 per share 58 · · Indirect
Nov. 17, 2015 AMZN Common Stock, par value $.01 per share 57 · · Indirect
Aug. 18, 2015 AMZN Common Stock, par value $.01 per share 55 · · Indirect

Compensation (DEF 14A)

10

Matched by name from proxy statements (DEF 14A) — verify against the filing.

AMZN

CFO
Fiscal yearSalaryBonusStock awards Option awardsNon-equity incentivePension changeOtherTotal
2019 $160,000 · · · · · $3,200 $163,200
2018 $160,000 · · · · · $3,200 $6,933,349
2017 $160,000 · · · · · $3,200 $163,200

Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.