February 8, 2016 7:58pm
After a dazzling quarter which helped it briefly surpass Apple as the most world’s most valuable company, Alphabet has rewarded Google CEO Sundar Pichai with 273,328 shares of restricted stock, according to a U.S. Securities and Exchange Commission unearthed by Bloomberg
Those stocks, currently valued at $199 million USD, represent the largest equity stake ever given to Google executive and publicly reported by the company. It’s also the first such grant given to Pichai since he took over as the CEO of Google.
The stock will vest in quarterly increments if Pichai stays with the company through to 2019.
Pichai wasn’t the only executive Alphabet executive. Diane Green, founder of VMware and current head of the company’s cloud business, received a equity stake worth $38.3 million USD.