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Google CEO Pichai receives stock grant worth about $199 million

Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc (GOOGL.O) (GOOG.O).

Letters spell the word "Alphabet" as they are seen on a computer screen with a Google search page in this photo illustration taken in Paris
Letters spell the word “Alphabet” as they are seen on a computer screen with a Google search page in this photo illustration taken in Paris, France, August 11, 2015. REUTERS/Pascal Rossignol

Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on Feb. 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. (1.usa.gov/1PhAHCI).

(Reporting by Manish Parashar and Shivam Srivastava in Bengaluru; Editing by Leslie Adler and Sunil Nair)

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Article from: reuters.com

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Google CEO Pichai receives stock grant worth about $199 million