Alphabet\u2019s board has approved a new compensation package for CEO Sundar Pichai, maintaining his annual salary at $2 million while introducing substantial equity awards. The package underscores Pichai\u2019s leadership and aims to incentivize his focus on Alphabet\u2019s strategic ventures, particularly its \u2018Other Bets\u2019 like Waymo and Wing.<\/p>\n
The Leadership Development, Inclusion and Compensation Committee of Alphabet\u2019s board has granted Pichai performance stock units (PSUs) and restricted stock units (GSUs) with target values unchanged from 2022. The PSUs, valued at $63 million per tranche, are tied to Alphabet\u2019s total shareholder return relative to S&P 100 companies. These awards will vest based on performance over periods ending in 2027 and 2028, with potential vesting ranging from 0% to 200% of the target.<\/p>\n
The GSUs, valued at $84 million, will vest incrementally over three years, subject to Pichai\u2019s continued employment. Additionally, Pichai received Bet Performance Units (BPUs) for Waymo and Wing, valued at $130 million and $45 million, respectively. These BPUs will vest based on the increase in per unit value over a three-year period, with potential vesting from 0% to 200% of the target.<\/p>\n
These awards reflect Alphabet\u2019s commitment to advancing its technological innovations and Pichai\u2019s pivotal role in steering the company\u2019s ambitious projects. The board will continue to oversee these initiatives to ensure alignment with shareholder interests. In case of Pichai\u2019s death, all unvested GSUs will vest immediately, while performance-based equity will vest at target or based on actual performance if the period has ended. If terminated without cause, Pichai will be eligible for pro-rata vesting based on actual performance.<\/p>\n
The details of these awards will be included in Alphabet\u2019s quarterly report for the fiscal quarter ending March 31, 2026.<\/p>\n
Disclaimer: This article is based on a Form 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC).<\/p>\n","protected":false},"excerpt":{"rendered":"
Alphabet\u2019s board has approved a new compensation package for CEO Sundar Pichai, maintaining his annual salary at $2 million while introducing substantial equity awards. The package underscores Pichai\u2019s leadership and aims to incentivize his focus on Alphabet\u2019s strategic ventures.<\/p>\n","protected":false},"author":394,"featured_media":62839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[9300,5744,35678,9077],"class_list":["post-113000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-alphabet","tag-compensation","tag-equity-awards","tag-sundar-pichai"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/113000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/394"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=113000"}],"version-history":[{"count":1,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/113000\/revisions"}],"predecessor-version":[{"id":113001,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/113000\/revisions\/113001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/62839"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=113000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=113000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=113000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}