Stock grant pushed Pichai’s compensation
As per the securities filing, Pichai earned $2 million (close to Rs 16.4 crores) in salary. Pichai’s compensation package also includes $6 million (close to Rs 49 crore) for personal security. The Google CEO’s compensation jumped as he was awarded close to $218 million in equities, which was through a triennial stock grant. “The Compensation Committee currently follows a triennial grant cadence for CEO equity awards. Sundar’s last equity award was granted in December 2019, and fully vested at the end of December 2022. In December 2022, the Compensation Committee granted a new equity award to Sundar to recognise his strong performance as our CEO,” Alphabet said in the securities filing.
Pichai joined Google in 2004 and was appointed Google CEO in 2015. He became the CEO of Alphabet in 2019. Prior to becoming CEO, Pichai led product and engineering for Google’s products and platforms, including Search, Chrome, Maps, Android, Gmail, and Google Apps (now Google Workspace).
He was also Google’s Senior Vice President of Products from October 2014 to October 2015, and as Google’s Senior Vice President of Android, Chrome and Apps from March 2013 to October 2014.
Pichai does seem to have a challenge on its hands right now as Google — like other tech companies — has been going through tough times because of the economic downturn. Google has also shifted its focus towards AI but has still not gone mainstream like Microsoft-backed OpenAI’s ChatGPT.