Alphabet approves $692M Pichai pay plan

Mountain View, Calif. — Alphabet’s board has approved a new three-year compensation plan for CEO Sundar Pichai worth up to $692 million, with the largest incentives tied to the performance of Waymo and Wing and his base salary remaining $2 million. We are emphasizing points confirmed by at least four respected sources, including the SEC filing, Business Insider, CNBC TV18, and Hindustan Times.

• The board approved a triennial compensation package on March 4, 2026, that could total up to $692 million over three years.
• The plan is largely performance-based equity, and it ties a significant portion of the payout to Waymo and Wing over the three-year period.
• Pichai’s base salary remains $2 million a year, and he is not eligible for an annual cash bonus.

Additional Details Reported

The SEC filing says the triennial award includes $84 million in time-based Alphabet restricted stock units and two performance stock unit tranches tied to Alphabet’s total shareholder return versus the S&P 100, with payouts ranging from 0% to 200% of target (SEC filing).

CNBC TV18 reported that the Waymo and Wing performance units have target values of about $130 million and $45 million respectively, and that the overall package is worth roughly $391 million at target and up to $692 million at maximum performance (CNBC TV18).

TechCrunch noted that the pay package was disclosed in the filing and characterized most of the award as performance-linked, while The Times of India emphasized that the bulk of the compensation is delivered through stock awards rather than salary (TechCrunch; Times of India).

How we report: We select the day’s most important stories, confirm facts across multiple reputable sources, and avoid anonymous sourcing. Our goal is clear, balanced coverage you can trust—because transparency and verification matter for informed readers.