This is the first time the company has decided on performance-based stock awards.

If Alphabet shares outperform the S&P 100 Index, Pichai could receive an additional $90 Mn in stock grants, says media report.

The reports that Pichai received about $200 Mn in stock awards in 2016, which have since vested and last year he turned down a grant of restricted stock.

Related Article: Google CEO Sundar Pichai Gave Up Pay Hike By Shunning Big Equity AwardsCofounders Larry Page and Sergey Brin stepped aside from day-to-day operations of the company on December 3rd.

“Sundar has worked closely with us for 15 years, through the formation of Alphabet, as CEO of Google, and a member of the Alphabet Board of Directors. | To read full story, visit https://startuparound.com/read/1576915206.6801465/Sundar-Pichai-Gets-Hefty-Pay-Raise-As-Alphabet-CEO?ref=audio_experience