leadership
confidence high
sentiment neutral
materiality 0.55
Alphabet awards CEO Sundar Pichai $210M equity; shifts 60% to performance-based
Alphabet Inc.
- Two tranches of PSUs each with target value of $63M vest based on TSR vs S&P 100 over 2023-2024 and 2023-2025.
- PSU payout ranges 0%-200% of target; on-target threshold raised to 55th percentile from 50th.
- GSUs of $84M vest quarterly over three years; total award unchanged in on-target value from 2019.
- PSU proportion increased to 60% from 43% of total award to better align with long-term shareholder value.
- Vesting subject to continued employment; accelerated vesting only upon death or termination without cause.