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.

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This was the primary award given to Pichai since he took over Google.

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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.