Google's boss is having a good month. Sundar Pichai, the newly appointed chief executive of the Internet search giant, was awarded restricted stock worth roughly $199 million.
Pichai received 273,328 Google class C shares on Feb. 3, according to a Securities and Exchange Commission filing. The closing price for the stock on that day was $726.95.
Last year, Google announced a reorganization that saw the creation of Alphabet, which became the holding company for Google and other businesses including venture capital arm Google Ventures, and the self-driving car project. As part of the restructure Pichai was chosen to run the search unit of Alphabet.
This was the first such award given to Pichai since he took over Google.
Ruth Porat, the chief financial officer of Alphabet, also received 52,704 class C shares, according to an SEC filing on February 3. This was worth about $38.3 million at the $726.95 closing price for Alphabet shares on that day.
Alphabet also awarded $42.8 million in restricted stock to Diane Greene, co-founder and ex-CEO of VMWare, who has led Google's cloud unit since November, a separate SEC filing showed.
Alphabet grants equity awards every two years as it "encourages executives to take a long-term view of the business," the technology giant said in an SEC document.