The billionaire, who founded the extreme sports camera-manufacturer, received 4.5 million restricted stock units with a valuation of $284.5 million to finish 2014, according to Bloomberg.

With that compensation, Woodman takes over the top spot from Cheniere Energy CEO Charif Souki who received $281 million to finish 2013. In 2014, the company reported docking the CEO’s pay, making Woodman the number-one CEO in terms of pay.

The ranking, the Bloomberg Pay Index, “values an executive’s awarded pay package at the company’s fiscal year-end closing price,” according to the article.

Via Bloomberg:

“Nick Woodman is a special entrepreneur and is instrumental to the company’s success both through his vision and leadership,” said Alex Gauna, an analyst at JMP Securities LLC who recommends investors buy GoPro shares. His compensation “is appropriate relative to what he means to this company,” he said.

In February, GoPro notched $634 million in quarterly revenue, a 75% boost year-over-year after going public in 2014. Analysts predicted revenue of $580 million. The company also said COO Nina Richardson would leave the company.

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