Oracle gave Larry Ellison and his new co-CEOs nearly $1 billion in stock options. By fiscal year end, all were underwater
Oracle awarded co-founder Larry Ellison and its newly minted co-CEOs stock option packages with a combined grant-date value of $988 million in fiscal 2026, a year that saw its cloud business boom and shares post a 38% total return. By the time the fiscal year ended on May 31, every one of those options were underwater.
TL;DR
- Oracle granted stock options with a combined grant-date value of $988 million to Larry Ellison and its co-CEOs in fiscal 2026.
- By the end of fiscal 2026, all of these stock options were underwater, meaning their strike price exceeded the stock's market value.
- The company's cloud business boomed, with cloud revenue up 39% and cloud infrastructure revenue up 77%.
- Oracle invested $55.7 billion in capital last fiscal year to finance and build data centers.
- New CFO Hilary Maxson opted into a new program allowing a mix of stock options and restricted stock units.
- Despite stock performance, Ellison, Magouyrk, and Sicilia received $4.9 million each in cash bonuses.
- Oracle employees have also seen the majority of their company-wide options become underwater, and total compensation for the median employee decreased.
- Shareholders will vote on Oracle's pay plan on November 18.