Alphabet and Google CEO Sundar Pichai received an annual salary of $2 million for 2020-2022.
Photo: rajat gupta/Shutterstock
Sundar Pichai, chief executive of Alphabet Inc. and Google, was awarded compensation in 2022 valued at $226 million, according to a regulatory filing Friday, including a triannual stock award valued at more than $200 million.
In 2019, the last year his compensation included a triannual stock grant, his compensation was valued at $281 million.
Mr. Pichai said in January that top executives would get lower bonuses as part of cost-cutting measures, following the largest round of layoffs in the company’s history. Last month, Google’s finance chief told employees to expect more spending cuts.
Mr. Pichai’s annual salary for 2020-2022 was $2 million, Friday’s filing shows.
In December, the company granted a new triannual equity award to Mr. Pichai with a value of $210 million, according to a regulatory filing, consisting of both performance-based and time-based equity.
That grant contains two tranches of performance stock units with a target value of $63 million each, plus a grant of $84 million in the form of Alphabet’s restricted stock units. Alphabet said in the filing that more of the latest stock award would be dependent on performance over time, increasing the proportion of performance stock units to 60% of the total from 43% in 2019.
Write to Miles Kruppa at miles.kruppa@wsj.com
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Published on The Digital Insider at https://bit.ly/40C1JO9.
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