Google's boss is having a good month. Sundar Pichai, the newly appointed chief executive of the Internet search giant, was awarded restricted stock worth roughly $199 million (S$278 million).
Pichai received 273,328 Google class C shares on Feb. 3, according to a Securities and Exchange Commission filing. The closing price for the stock on that day was $726.95.
Last year, Google announced a reorganisation that saw the creation of Alphabet, which became the holding company for Google and other businesses including venture capital arm Google Ventures and the self-driving car project. As part of the restructure, Pichai was chosen to run the search unit.
This was the first award given to Pichai since he took over Google.
Ruth Porat, chief financial officer of Alphabet, also received 52,704 class C shares, according to a Feb. 3 SEC filing. This was worth about $38.3 million.
Alphabet also awarded $42.8 million in restricted stock to Diane Greene, co-founder and ex-CEO of VMWare, who has led Google's cloud unit since November, a separate SEC filing showed.
Alphabet grants equity awards every two years as it "encourages executives to take a long-term view of the business," the technology giant said in an SEC document.