If you pay an exec $100MM in stock, they’re taxed on it the same as $100MM in cash, no? They’re just not taxed if their stock appreciates by $100MM and they nev

If you pay an exec $100MM in stock, they’re taxed on it the same as $100MM in cash, no? They’re just not taxed if their stock appreciates by $100MM and they never sell it. (And if they do sell it’s taxed as capital gains)