Rivian has released a new proxy filing that details CEO RJ Scaringe’s compensation for 2025. The disclosure provides a closer look at how the electric vehicle maker is structuring executive pay as it continues to scale its business.
According to the proxy filing published on Monday, RJ Scaringe received total compensation of $402.6 million in 2025, placing him among the highest-paid automotive executives in a single year. The bulk of that figure comes from equity-based incentives, including $373.5 million in stock options and $26.6 million in stock awards, while his base salary accounted for just over $1 million.
The structure of the package is notable not just for its size, but for how it is designed. Much like Tesla’s approach with Musk, the compensation is heavily tied to performance milestones, including stock price growth, operating income targets, and cash flow improvements. Rivian’s board emphasized that the award is “entirely at-risk,” meaning Scaringe will only realize its full value if the company delivers meaningful gains for shareholders.
This latest package also replaces an earlier 2021 compensation plan that Rivian scrapped after determining its targets were no longer achievable. The updated framework, first introduced in late 2025, could ultimately be worth as much as $4.6 billion over the next decade if all milestones are met.
Despite posting its first annual gross profit of $144 million in 2025, Rivian still reported a net loss of $3.6 billion for the year. While that marks an improvement from a $4.75 billion loss in 2024, it highlights the ongoing costs associated with scaling production and expanding operations in the highly competitive EV market.
Investors appear to be looking past those losses, at least for now. Much of that optimism is tied to Rivian’s future product lineup, particularly the upcoming R2 midsize SUV. The company has indicated that the R2 platform could account for the majority of its production volume by 2027, potentially unlocking the scale needed to move toward sustained profitability.
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