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Windfall for Google CEO Pichai with $199 million stock grant

Last updated on: February 09, 2016 11:08 IST

Sundar Pichai will become one of the highest paid executives of a tech company.

Google chief executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc.

Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on February 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. 

 

Manish Parashar in Bengaluru
Source: source
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