Overview
- An SEC filing made public late last week confirms board approval of a new three-year compensation cycle now in effect for Alphabet’s CEO.
- Waymo-linked units could pay up to $260 million and Wing-linked units up to $90 million, with per‑unit valuations determined by the compensation committee and no specific operational milestones disclosed.
- Performance stock units target $126 million tied to Alphabet’s total shareholder return versus the S&P 100 and can scale to $252 million or fall to zero based on relative results.
- The package includes $84 million in time‑based restricted stock that vests over the cycle, while Pichai’s base salary remains $2 million, unchanged since 2020, with unvested awards forfeited upon dismissal.
- Alphabet shares closed down 0.78% on Friday after the disclosure, and the board says the structure aligns incentives with growth of ‘Other Bets’ as Waymo expands to new U.S. markets and Wing pursues a Walmart rollout through 2027.