Sundar Pichai Pay: Good news has come for Google CEO Sundar Pichai and this news is related to his earnings. Google’s parent company Alphabet Inc said on Wednesday that it has set up a new equity award for its Chief Executive Officer Sundar Pichai. After this, most of his income will be linked to his performance.
What this means for Google CEO Sundar Pichai
How much Alphabet’s total shareholders’ return is sitting in comparison to other S&P 100 companies is being assessed mainly for the new format of Sundar Pichai’s income.
Sundar Pichai’s work considered strong
Alphabet’s board has recognized Sundar Pichai’s performance as CEO as a ‘strong performance’. The company has said that as part of this award related to the performance of the company, most of Sundar Pichai’s income will be based on the performance of the company’s shares.
Share of performance stock units increased to 60 percent
Alphabet said that through this equity award, the share of performance stock units for Sundar Pichai’s income is being increased from 43 per cent to 60 per cent. In the year 2019, it was increased to 43 percent, which is now being increased to 60 percent in the year 2022.
This change happens every three years.
It is worth noting that every three years Sundar Pichai is given the award of increasing this equity and on the basis of this his salary also increases. Apart from this, Sundar Pichai has also been given a grant of $ 4.8 million in the form of a restricted stock unit of Alphabet.
How much is Sundar Pichai’s salary?
Sundar Pichai’s current salary is more than $ 7.4 million and these are being given to him after getting the command of Alphabet. His salary in Indian rupees is more than Rs 52 crores.