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Google CEO Pichai receives stock grant worth about $199 mln

Reuters
Google CEO Sundar Pichai gestures as he addresses a news conference in New Delhi, India, December 16, 2015. REUTERS/Adnan Abidi/Files

REUTERS - Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc.

Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on February 3. The valuation is based on the stock's closing price on that date.

On the same day, Pichai sold 375 Class A common shares at a price of $786.28 each, and 3,625 Class C capital stock at a price of $768.84 each, the filing said.

(Reporting by Manish Parashar and Shivam Srivastava in Bengaluru; Editing by Leslie Adler and Sunil Nair)