Oracle Corp. handed new chief legal officer Stuart Levey a special stock grant valued at $11.5 million when he joined the database-management giant in October 2022.

The Austin, Texas-based company disclosed the compensation in a proxy statement it recently filed with the Securities and Exchange Commission. His total pay for the fiscal year that ended on May 31, 2023, was $12.8 million, including salary of $557,765 and a cash bonus of $650,000.

Stuart Levey, chief legal officer of Oracle. (Courtesy photo)