Last year’s impressive returns provided handsome returns to investors. Google’sTop leaders will receive a pay raise for 2022 and stock options.

Google parent Alphabet announced in filing with the SEC that its board approved new compensation packages for finance chief Ruth Porat, legal head Kent Walker, search boss Prabhakar Raghavan and Philipp Schindler, the company’s chief business officer.

According to the SEC filing, the base salaries of the executives will rise from $650,000 up to $1 million. It was filed on Tuesday. The stock awards they each received were worth $23 million to $35 millions, divided between performance-based equity or stock that vests over the course of time.

Alphabet stock surgedIt will grow to 65% by 2021. That is far higher than all other U.S. Big Tech firms. Google’s search businesses recovered quickly from the Covid-19 slowdown, and started growing at pre-pandemic levels. The year began with record levels, thanks to a rebound in travel and advertising. YouTube experienced a surge in traffic. Google’s cloud unit also gained business, as many companies went remote.

Raghavan, Schindler and the S&P 100 received the largest stock-award packages in 2022. The company granted each of them $12 million in performance-based stock that will vest between from 2022 to 2024, depending on how the share price performs compared to members of the S&P 100. An additional $23million in restricted stock was granted to them. It will vest in 12 equal installments each quarter, provided they continue employment.

Porat and Walker received each $5 million in performance equity, and $18,000,000 in restricted stock.

Alphabet doesn’t reveal how much the executives received last year. However, its C-suite had a huge 2020. According to the company, latest proxy filingPorat and Walker were awarded $50.2 million each in stock options that year. Raghavan was given $54.6 million, and Schindler received $65.5 million.

The filing Tuesday said that each of the executive members will be eligible to receive a maximum annual bonus of $2,000,000 based on their contributions towards Google’s achievement against its social and environment goals in 2022.

Google is trying to reduce anxiety among its rank-and-file workers over the rising cost of inflation. The following is an all-hands meetingIn December, which was to include 2022 planning and compensation, Google executives addressed the concerns of employees about their pay, but they did not plan to address them with an increase in companywide wages.

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