Sundar Pichai receives $100.5 million pay package in 2015

Google Inc. Chief Executive Officer Sundar Pichai received a $100.5 million pay package in 2015, reports Bloomberg.

Sundar Pichai received $99.8 million in restricted stock that will vest in full by 2017. He also received a $652,500 salary, according to a filing from parent company Alphabet Inc. Tuesday.

Sundar Pichai, before becoming the CEO of Google Inc last year, was the deputy of Google co-founder Larry Page. In February, Sundar Pichai received restricted shares valued at $199 million, the largest grant ever given to a Google executive officer, from Alphabet.

The two grants have brought Sundar Pichai’s holding of unvested restricted shares to $635 million as of Monday’s close in New York. He also holds unvested stock options valued at $11.6 million.

Alphabet typically grants equity awards to executives once every two years, a strategy it has said “encourages executives to take a long-term view of the business.”

Google Executive Chairman Eric Schmidt received $8.04 million for 2015, including a $1.25 million salary and $6 million cash bonus. Google Chief Financial Officer Ruth Porat was awarded $31 million, including $25.1 million in restricted stock.

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