<p class="title">Google-parent Alphabet Inc said on Wednesday it had approved a new equity award for Chief Executive Officer Sundar Pichai that ties more of his pay to performance.</p>.<p class="bodytext">The board recognises Pichai's "strong performance" as CEO, the company said, adding that the vesting of a significant portion of the award would depend on Alphabet's total shareholder return relative to other S&P 100 companies.</p>.<p class="bodytext">Alphabet said the award was tweaked to increase the performance stock units (PSUs) to 60% from 43% in 2019, while increasing the performance requirement for the payout.</p>.<p class="bodytext">Pichai, who is given an equity award every three years, was granted two tranches of PSUs with a target value of $63 million each.</p>.<p class="bodytext">The CEO was also given a grant of $84 million in the form of Alphabet's restricted stock units.</p>
<p class="title">Google-parent Alphabet Inc said on Wednesday it had approved a new equity award for Chief Executive Officer Sundar Pichai that ties more of his pay to performance.</p>.<p class="bodytext">The board recognises Pichai's "strong performance" as CEO, the company said, adding that the vesting of a significant portion of the award would depend on Alphabet's total shareholder return relative to other S&P 100 companies.</p>.<p class="bodytext">Alphabet said the award was tweaked to increase the performance stock units (PSUs) to 60% from 43% in 2019, while increasing the performance requirement for the payout.</p>.<p class="bodytext">Pichai, who is given an equity award every three years, was granted two tranches of PSUs with a target value of $63 million each.</p>.<p class="bodytext">The CEO was also given a grant of $84 million in the form of Alphabet's restricted stock units.</p>