in ,

Google CEO Sundar Pichai’s pay is increasingly linked to performance.

Two tranches of PSUs with a target value of $63 million each were issued to Sundar Pichai, who receives equity awards every three years.
Sundar Pichai’s new equity award, which more closely links his salary to performance, has been approved, according to Alphabet Inc., the company that owns Google.
The business noted that the board acknowledges Sundar Pichai’s “excellent performance” in his role as CEO and that the vesting of a sizeable percentage of the award would depend on Alphabet’s overall shareholder return in comparison to other S&P 100 companies.

According to Alphabet, the payout’s performance requirements were raised while the performance stock units (PSUs) were increased from 43% in 2019 to 60%.
Two tranches of PSUs with a target value of $63 million each were issued to Sundar Pichai, who receives equity awards every three years.

Additionally, the CEO received an Alphabet restricted stock unit grant of $84 million.

What do you think?

ZZED Reporter

Written by ZZED Reporter

Leave a Reply

Avatar

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Gandhi is the “father of New India,” while Narendra Modi is, says Amruta Fadnavis.

Metro AG’s India Business Will Be Purchased by Mukesh Ambani’s Reliance for $2,850,000,000