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Sundar Pichai gets $199 million in stock grant, biggest ever given to a Google executive

The award is the biggest ever given to a Google executive officer whose equity grants have to be reported in filings, according to data compiled by Bloomberg.

BT Online   New Delhi     Last Updated: February 9, 2016  | 13:24 IST
Sundar Pichai gets $199 million in stock grant, biggest ever given to a Google executive
According to a regulatory filing by Alphabet, the US-based company awarded Pichai 273,328 Class C Google stock units on February 3. Photo: Reuters

Google Chief Executive Sundar Pichai now figures in among one of the world's highest-paid executives after search engine's parent company Alphabet Inc awarded him restricted stock worth about $199 million.

According to a regulatory filing by Alphabet, the US-based company awarded Pichai 273,328 Class C Google stock units on February 3.

The valuation is based on the stock's closing price on that date, though subsequent declines in Alphabet shares put the current value at about $182 million.

On the same day, Pichai sold 375 Class A common shares at a price of $786.28 each, and 3,625 Class C capital stock at a price of $768.84 each, the filing said.

The award is the biggest ever given to a Google executive officer whose equity grants have to be reported in filings, according to data compiled by Bloomberg.

It is Pichai's first award since taking over the company's highest-grossing unit.

(With inputs from Agencies)

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