Google chief business officer Nikesh Arora is getting an $8 million cash payout next month, according to a Google SEC filing from this afternoon.Arora got some new stock options and grants in April, but he gave up that stock in exchange for $4.7 million (counted as a “Cancelled Awards” payment), plus a $3.3 million discretionary cash bonus.
This doesn’t mean that Arora is on his way out: if he quits or is fired before the date the stock would have vested — April 25, 2015 — he has to return the cash.
Google had no comment on the reason for the shift. However, in April Google introduced a new class of non-voting stock, and said that most future grants would be given in those non-voting shares.
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