The shares of GOOGL are up 31% over the past year. Therefore, ergo, one must break open the bank and all of the piggies to reward its new CEO with the most lavish stock grant the world has ever seen.
Pichai, who is Google’s chief executive officer, received 273,328 Class C shares on Feb. 3 that will vest in quarterly increments through 2019 if he remains on the job, according to a filing Friday from the Mountain View, California-based company.
Pichai, the former deputy of Google co-founder Larry Page, was named to run the search engine unit following the reorganization into holding company Alphabet last year. The award is the biggest ever given to a Google executive officer whose equity grants have to be reported in filings, according to data compiled by Bloomberg.
Over the past 6 months, shares of GOOGL are up 5.7% vs a 7% return for good olde fashioned long dated U.S. treasuries.
If you enjoy the content at iBankCoin, please follow us on Twitter