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2w ago

Alphabet Ties Pichai’s New $692 Million Pay to Waymo, Wing and Shareholder Returns

The three-year award signals a push to scale Other Bets by linking major payouts to board-assessed valuations for Waymo and Wing alongside Alphabet’s relative stock performance.

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A new compensation package would make Sundar Pichai one of the highest paid CEOs in the world
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Overview

  • An SEC filing details a three-year compensation cycle that could total $692 million for CEO Sundar Pichai if performance conditions are met.
  • Payouts tied to Other Bets include up to $260 million based on Waymo’s per‑unit value and up to $90 million tied to Wing’s per‑unit value, with valuations set by Alphabet’s compensation committee.
  • The filing lists no specific operational milestones for the Waymo or Wing components, indicating discretion rests with the board on valuation outcomes.
  • Performance stock units tied to Alphabet’s total shareholder return versus the S&P 100 could be worth up to $252 million, alongside a time‑based equity award of $84 million.
  • Pichai’s base salary remains $2 million, unchanged since 2020, and the board says the structure is intended to focus leadership on developing scalable businesses beyond Google’s core.