Google’s Sundar Pichai gets $240 million in stock grants, pushing take toward $1 billion
- This undated handout image obtained October 23, 2019 courtesy of Google shows Sundar Pichai with one of Google's quantum computers in the Santa Barbara lab. - Scientists claimed on October 23, 2019 to have achieved a near-mythical state of computing in which a new generation of machine vastly outperforms the world's fastest super-computer, known as "quantum supremacy".
Source | www.mercurynews.com | ETHAN BARON
Sundar Pichai, the Google CEO recently handed the reins of the firm’s parent company Alphabet, has been granted $240 million in stock grants, with $90 million of them tied to Alphabet’s performance, according to a regulatory filing. Pichai will also start receiving a substantial raise Jan. 1, to $2 million a year, Alphabet said in a Securities Exchange Commission filing.
The massive compensation package was given in recognition of Pichai’s “expanded role as CEO of Alphabet and Google,” according to the filing. On Thursday, Pichai received $90 million in stock awards that will vest, becoming his property, by the end of 2022, depending on Alphabet’s shareholder returns compared to the S&P 100, the filing said. A special provision means this batch of Pichai’s stock awards could be doubled to a value of $180 million, or cut to zero, based on Alphabet’s performance, the filing said.
Pichai also received two other stock grants, of $120 million and $30 million, neither tied to performance but subject to his continued employment.