This article was first published 8 years ago

Windfall for Google CEO Pichai with $199 million stock grant

Share:

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. 

 

Get Rediff News in your Inbox:
Share:

Moneywiz Live!