Business Standard

Google-parent Alphabet links more of CEO Sundar Pichai's pay to performance

Google-parent Alphabet Inc said it had approved a new equity award for CEO Sundar Pichai that ties more of his pay to performance

Sundar Pichai, google
Premium

Reuters
Google-parent Alphabet Inc said on Wednesday it had approved a new equity award for Chief Executive Officer Sundar Pichai that ties more of his pay to performance.

The board recognises Pichai's "strong performance" as CEO, the company said, adding that the vesting of a significant portion of the award would depend on Alphabet's total shareholder return relative to other S&P 100 companies.

Alphabet said the award was tweaked to increase the performance stock units (PSUs) to 60% from 43% in 2019, while increasing the performance requirement for the payout.

Pichai, who is given an equity award every three years, was granted two tranches

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 22 2022 | 9:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com