Short answer
Alphabet Inc (GOOGL) filed an 8-K current report with the SEC on March 6, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Pichai total equity package ~$322M: $126M PSUs (2 tranches, performance-based), $84M GSUs (time-based), ~$175M in Waymo/Wing BPUs.
Alphabet Inc 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Pichai total equity package ~$322M: $126M PSUs (2 tranches, performance-based), $84M GSUs (time-based), ~$175M in Waymo/Wing BPUs
- Base salary unchanged at $2M since 2020; no annual bonus eligibility
- PSUs tied to Alphabet TSR vs S&P 100 peers over 2026-2027 and 2026-2028 periods; payout range 0%-200% of target
- Novel BPU structure: Waymo (~$130M) and Wing (~$45M) awards settle in subsidiary Common Units, not GOOGL stock; vest only if per-unit value increases over 3 years
- BPU grants signal Alphabet using CEO pay to drive value creation in key Other Bets; aligns Pichai directly with Waymo/Wing equity appreciation, not just parent stock performance
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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