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Скачать или смотреть Alphabet/ Google executives pay raise, stock award

  • Business Tech News
  • 2022-01-05
  • 5
Alphabet/ Google executives pay raise, stock award
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stock award Google parent company Alphabet rewarded top executives with hefty salary bumps and stock awards after the strongest year for the technology company’s stock since 2009. Alphabet and Google chief financial officer Ruth Porat Geo and Ads and Google’s commerce and payments products -- Schindler and Walker that will vest over time. Raghavan and Schindler each will be granted $12 million in performance-based stock that will vest according to a U.S. Securities and Exchange Commission filing posted online yesterday. The executives also will be eligible for up to $2 million annual bonuses each if Google meets certain social and environmental goals this year. Google could not immediately be reached for comment. Alphabet’s stock climbed 65 percent in 2021 for the year’s best big tech performance based on Alphabet’s total shareholder return performance compared to other SP 100 companies from 2022 to 2024. They also will receive an additional $23 million each in restricted stock that will vest over 12 quarters beginning March 25. Porat and Walker each will be granted $5 million in performance-based stock and $18 million in restricted stock. Alphabet hasn’t disclosed the total compensation awarded to the four executives in 2021 660 for personal use of aircraft chartered by the company. The compensation increases for the Alphabet and Google executives come after CNBC reported in December that Google would not enact companywide salary increases to address employee concerns about rising inflation and instead would stick to performance-based pay increases. Alphabet’s revenue and earnings in the third quarter -- the latest quarterly report available -- easily beat analysts’ consensus estimates on broad-based strength in advertiser spending and elevated consumer online activity as well as a strong contribution from Google Cloud. Revenue rose 41 percent to $65.12 billion for the three months that ended Sept. 30 global affairs president and chief legal officer of Alphabet and Google Google chief business officer Philipp Schindler and Kent Walker Calif.-based company’s market capitalization eclipsed $2 trillion for the first time last November. The Alphabet board’s Leadership Development and Compensation Committee also approved performance-based and restricted stock awards for Porat

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