Google Boss Becomes Highest-Paid In US
The chief executive of Google, Sundar Pichai, has been awarded $199m (£138m) in shares, a regulatory filing has revealed. This now makes him the highest-paid chief executive in the US.
Mr Pichai became chief executive of the search engine giant following the creation of its parent, Alphabet. Mr Pichai was awarded 273,328 Alphabet shares on 3 February, 2016 worth a total of $199m, according to a filing with the US Securities and Exchange Commission.
The new award of shares takes Mr Pichai’s total stock value to approximately $650m.
Mr Pichai’s share award will vest incrementally each quarter until 2019. In other words, full control over the shares will pass to him on a gradual basis.