Google's Sundar Pichai is poised to become one of the highest-paid executives this year after parent Alphabet awarded him restricted stock worth about $199 million. Pichai, who is Google's chief executive officer, received 273,328 Class C shares on February 3 that will vest in quarterly increments through 2019 if he remains on the job, according to a filing by the California-based company.
Pichai, the former deputy of Google co-founder Larry Page, was named to run the search engine unit following the reorganization into holding company Alphabet last year. The award is the biggest ever given to a Google executive officer whose equity grants have to be reported in filings, according to data compiled by Bloomberg. It is Pichai's first award since taking over the company's highest-grossing unit.
Alphabet also awarded $42.8 million in restricted stock to Diane Greene, a co-founder and former CEO of software maker VMware, who's led Google's cloud business since November. Greene received equity worth $148 million last year after Google acquired tech company Bebop Technologies, which she founded.
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