Bengaluru: Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc, which makes him the highest paid CEO in the US.
Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on February 3. The valuation is based on the stock's closing price on that date.
On the same day, Pichai sold 375 Class A common shares at a price of $786.28 each, and 3,625 Class C capital stock at a price of $768.84 each, the filing said.
The shares make Pichai's holdings in parent company Alphabet to around $650 million which is still less than the net worth of Google's founders Larry Page and Sergey Brin who are worth $34.6 billion and $33.9 billion respectively according to Forbes. Even Google's former CEO Eric Schmidt holds shares worth $3 billion.
A report on The Guardian notes that Indian-origin Pichai is not the only Google executive to be given a big payday. Alphabet's CFO Ruth Porat was handed shares worth $38 million which is on top of the $30 million signing bonus she received when she was poached away from Morgan Stanley last year.
With inputs from Reuters
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