Google CEO Sundar Pichai's 2015 Pay Hits $100.5M
A filing reveals the new CEO's pay package and that holding company Alphabet's CEO Larry Page and president Sergey Brin again each made $1 last year, while executive chair Eric Schmidt earned $8 million, down from $108.7 million.
New Google CEO Sundar Pichai received compensation worth $100.5 million in 2015, according to a regulatory filing Tuesday.
His salary amounted to $652,500, and he received stock awards worth more than $99.8 million. He also got "other" compensation worth $22,935.
The company didn't disclose his 2014 pay.
Pichai also received 273,328 Class C shares in February that will vest in quarterly increments through 2019 if he stays at the job, according to a previous filing. That will ensure he remains one of the highest-paid U.S. executives.
Pichai, the former deputy of Google co-founder Larry Page as senior vp products, was picked to run the Internet giant in August following a reorganization that created holding company Alphabet. It owns Google and a group of subsidiaries that Page at the time described as "pretty far afield of our main Internet products," including the moonshot lab Google X. Pichai became Google CEO on Oct. 2, 2015.
Page, now CEO of Alphabet, and Sergey Brin, president of Alphabet, each made $1 last year. They have been receiving a $1 salary as compensation for years.
Alphabet executive chairman Eric Schmidt's 2015 compensation amounted to more than $8 million, Tuesday's filing showed, down from $108.7 million in 2014, which was driven by more than $100 million in stock awards.