Sundar Pichai gets whopping $242mn stock package in new role

Alphabet and Google CEO Sundar Pichai will take home $240 million stock package ($90 million of it tied to Alphabet’s performance) on top of a $2 million annual salary in 2020.

Alphabet said in a Securities Exchange Commission filing on Friday that Pichai will also start receiving a substantial raise from January 1 to $2 million a year, reports the Mercury News.

The compensation package is being given in recognition of Pichai’s “expanded role as CEO of Alphabet and Google”.

Pichai on Thursday received $90 million in stock awards that will vest by the end of 2022 “depending on Alphabet’s shareholder returns compared to the S&P 100”, 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,” the report said, citing the filing.