Google CEO Sundar Pichai Just Got a $199 Million Stock Grant
Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet (GOOGL).
Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on Feb. 3. The valuation is based on the stock’s closing price on that date.
On the same day, Pichai sold 375 Class A common shares at a price of $786.28 each, and 3,625 Class C capital stock at a price of $768.84 each, the filing said.
The $199 million grant would have made Pichai the top-paid U.S. CEO in 2015, according to the Financial Times, which reports that the highest pay for a U.S. CEO last year was the $156 million paid to David Zaslav of Discovery Communications (DISCA).