Google CEO receives $280 million in stocks

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Google CEO receives $280 million in stocks
Sundar Pichai

Google chief executive Sundar Pichai received restricted stock worth about US$199 million (AU$282 million), according to a regulatory filing by Google parent company Alphabet.

Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on 3 February. 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 US$786.28 each, and 3,625 Class C capital stock at a price of US$768.84 each, the filing said.

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

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