Alphabet (NASDAQ:GOOGL) CEO Sundar Pichai received $226 million in total compensation in 2022, most of which came through stock awards, according to a securities report filed by the company on Friday.
Pichai was awarded $218 million in equities last year through a triennial stock grant. His annual salary was $2 million from 2020 to 2022, the filing stated. The CEO’s compensation package also included almost $6 million for personal security in 2022.
Other Alphabet and Google principal executives made approximately $22 million to $35 million in annual stock awards, according to the filing.
The report comes as Alphabet is initiating cost restructuring measures, including layoffs in January that eliminated 12,000 workers, or 6% of its workforce. Google’s finance chief Ruth Porat announced earlier in April that the company would be cutting back on employee laptops and services to further reduce costs.
Google expected to release Q1 2023 earnings Tuesday after market close. That said, given the global decline in digital ad spending, the general market sentiment is pessimistic, and analysts are projecting only a modest 1.2% year-over-year increase in revenue for Q1 2023 compared to the same period in 2022, despite the ongoing inflationary pressure.
GOOGL shares began Monday with gains of 74 cents to $106.15.