Google CEO Sundar Pichai received the record $199 million in stocks

[GSMArena]

Sundar Pichai, CEO of Google and former right-hand man to co-founder Larry Page is well on track to becoming the highest paid executive of a publicly traded company. The latest step is this respect is a $199 million stock grant, awarded to him from parent company Aplhabet Inc. on February 3. The record high bonus consists of 273,328 Class C shares - restricted stock, which will vest in quarterly increments through 2019, if he remains on the job. So, the $199 million or so might be locked up for now, but it appears Mr. Pichai also got some walking around cash. On the same day, he sold 375 Class A common shares at $786.28 each and another 3,625 Class C capital stock at $768.84 a piece totaling just over $3M. Google typically awards such equity awards to its executives every two years, so as to encourage a long-term view on the business. It's definitely interesting to see how much Pichai nets in if he is still around at Google in...



http://www.gsmarena.com/google_ceo_sundar_pichai_received_record_199_million_in_stocks-news-16521.php