Google's CEO Received $199 Million in Inventory This Month
Google’s boss is having a very good month. Sundar Pichai, the newly appointed chief government of the Web search big, was awarded restricted inventory value roughly $199 million.
Pichai acquired 273,328 Google class C shares on Feb. three, in accordance with a Securities and Change Fee submitting. The closing worth for the inventory on that day was $726.ninety five.
Final yr, Google introduced a reorganization that noticed the creation of Alphabet, which turned the holding firm for Google and different companies together with enterprise capital arm Google Ventures, and the self-driving automotive challenge. As a part of the restructure Pichai was chosen to run the search unit of Alphabet.
This was the primary award given to Pichai since he took over Google.
Ruth Porat, the chief monetary officer of Alphabet, additionally acquired fifty two,704 class C shares, in accordance with an SEC submitting on February three. This was value about $38.three million on the $726.ninety five closing worth for Alphabet shares on that day.
Alphabet additionally awarded $forty two.eight million in restricted inventory to Diane Greene, co-founder and ex-CEO of VMWare, who has led Google’s cloud unit since November, a separate SEC submitting confirmed.
Alphabet grants fairness awards each two years because it "encourages executives to take an extended-time period view of the enterprise", the know-how big stated in an SEC doc.