Google CEO Sundar Pichai Paid $100.5 Million for First Year at Helm

Google CEO Sundar Pichai Paid $100.5 Million for First Year at Helm

Google Chief Executive Officer Sundar Pichai received a $100.5 million (roughly Rs. 667 crores) pay package in 2015, according to a filing from parent company Alphabet Tuesday.

Pichai received $99.8 million in restricted stock that will vest in full by 2017. He also received a $652,500 salary. The stock award hasn’t previously been disclosed in filings.

The former deputy of co-founder Larry Page was named to run the search engine unit following the reorganization into a holding company last year. Following that promotion, Alphabet in February awarded him restricted shares valued at $199 million (roughly Rs. 1,321 crores), the largest grant ever given to a Google executive officer whose pay has to be reported in filings.

The two grants have brought Pichai’s holding of unvested restricted shares to $635 million (roughly Rs. 4,216) as of Monday’s close in New York, according to data compiled by Bloomberg. He also holds unvested stock options valued at $11.6 million (roughly Rs. 77 crores).

Alphabet typically grants equity awards to executives once every two years, a strategy it has said “encourages executives to take a long-term view of the business.”

Executive Chairman Eric Schmidt received $8.04 million (roughly Rs. 53 crores) for 2015, including a $1.25 million salary and $6 million (roughly Rs. 39 crores) cash bonus. Chief Financial Officer Ruth Porat was awarded $31 million (roughly Rs. 205 crores), including $25.1 million (roughly Rs. 166 crores) in restricted stock.

An Alphabet spokesman didn’t immediately respond to a request for comment.

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