Google's CEO Got $199 Million in Stock This Month

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.

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This was the first such award given to Pichai since he took over Google.

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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.