Alphabet Inc (NASDAQ:GOOGL) Google’s Chief Executive Officer Sundar Pichai received $100.5 million about 667 Crore in his first year as a chief executive officer of the company. Pichai became the chief executive officer of the search engine last year after the reorganization of a holding company.
According to a filing from Alphabet Inc, Pichai received a salary of $652,500 and $99.8 million in restricted stock that will fully vest by 2017. The stock came in January 2015 before he became CEO in September,
Pichai earlier served as the deputy of Google’s co-founder Larry Page. He took over the search engines business after the reorganization of the company.
Following his promotion, Pichai was awarded restricted share value at $199 million, in February. This amount is the largest amount to be issued to a Google executive officer whose pay has not been reported in the filing. The $199 million restricted stock awarded to him in February will vest in quarterly increment through 2019 if he will remain in the job.
Summing up the two grants bring Pichai’s holding of unvested restricted shares to $635 million as of Monday’s close in New York according to Bloomberg. He also holds unvested stock option valued at $11.6 million.
Alphabet awards equity award to executive once in every two years with the aim of encouraging them to take a long-term view of the business. Pichai has now been awarded twice in 13 months though the filing indicates that the $99.8 million, which was granted to him in January last year was more of a reflection of his increased role responsibility of Alphabet’s regular executive compensation, schedule
Co-founder and the president of Alphabet Sergey Brin took home a customary $1.0 billion base salary for the year 2015. Executive chairperson Eric Schmidt received $8.04 million that includes a $1.25 million salary and $6 million cash bonus. In the previous year, he had received $108.7 million with more than $100 million of this streaming from stock awarded. Chief Financial Officer Ruth Porat received $31 million including $25.1 million in restricted stocks.
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