Google CEO Sundar Pichai got a stock package worth almost $200 million
On the same day, Pichai sold 375 Class A common shares at a price of $786.28 each, and sold another 3,625 Class C capital stock at a price of $768.84 each, the filing said.
Alphabet also awarded Dollars 42.8 million in restricted stock to Diane Greene, a co-founder and former CEO of software maker VMware, who has led Google’s cloud business since November.
He now owns stock worth $650m after the addition of the 273,328 Alphabet shares on 3 February.
Mr Pichai’s share award will vest each quarter.
Google CEO Sundar Pichai is the best-paid CEO in the United States, with a $650 million stake in Alphabet. The latest class C shares that Pichai was awarded will take place in increments that are done quarterly throughout until 2019 if this CEO of Google remains the same in his appointed post. Five equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Moreover, this is also the biggest ever grant awarded to a Google executive officer.
This means Google will have paid between 2% and 3% tax since 2005, rather than the 20% corporation tax rate that is standard in the UK.
Formerly Product Chief at Google, Pichai’s current role was announced on August 10, 2015, as part of the restructuring process which made Alphabet Inc. into Google’s parent company.
Sundar Pichai was the think tank behind Google’s Chrome Web Browser business, and later he ran the Android mobile operating system for several years.