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Google CEO Sundar Pichai just got a huge payday

$199 million in stock

Sundar Pichai is having a better February than you are. The Google CEO was awarded over 270,000 shares of restricted stock — currently worth $199 million — last week, according to a Google SEC filing unearthed by Bloomberg. That award is the largest equity stake given to an executive officer whose grants have been publicly filed in the company's history, Bloomberg reports.

This was the first grant given to Pichai since he became the CEO of Google back in August. The company also gave its CFO Ruth Porat a $38.3 million stock award, and gave Diane Green, the head of its cloud business an award totaling $42.8 million. Given the results of its most recent quarter, the three executives have done a pretty great job growing the company over the last year, and now Google is dumping buckets of cash upon them.

Pichai and Porat's stock awards will vest in quarterly increments through 2019 if they remain on the job, giving them both plenty of incentive to stick around.

Verge Video: Sundar's Google