Alphabet CEO could earn $692 million under new three-year incentive plan
Alphabet approved a potential $692 million three-year pay package for CEO Sundar Pichai, including two $63 million PSU grants tied to S&P 100 shareholder returns and $84 million in RSUs vesting over three years. It also earmarks $130 million for Waymo milestones and $45 million for Wing performance.
1. Compensation Plan Overview
Alphabet approved a potential $692 million compensation package for CEO Sundar Pichai covering fiscal 2026–2028, designed to align leadership pay with long-term company performance.
2. PSU Grants Structure
The package features two performance stock unit awards valued at $63 million each, which vest based on Alphabet’s total shareholder returns relative to S&P 100 peers over the 2026–27 and 2026–28 periods, with payouts ranging from 0% to 200% of target.
3. RSUs Vesting Terms
Pichai will receive $84 million in restricted stock units that vest in equal installments over three years, contingent on continued service as CEO.
4. Waymo and Wing Incentives
Additional awards include roughly $130 million tied to growth milestones at the Waymo autonomous driving unit and $45 million linked to performance targets at the Wing drone delivery venture.