GOOGLE chief executive Sundar Pichai received a $267 million ($US200 million) compensation package last year for running the internet company that makes nearly all the money for Alphabet Inc.

Most of the pay consisted of Alphabet stock that the company valued at $265 million ($US198.7 million) in securities documents filed Friday. Alphabet gave the award to Pichai in January 2016, a few months after he succeeded Larry Page as Google’s CEO.

Pichai still reports to Page, a Google co-founder who is now Alphabet’s CEO. Page limits his annual pay to $US1 because he already has an estimated fortune of $54.8 billion ($US41 billion).

The stock that Pichai received will vest in quarterly increments through January 2020. The 44-year-old Pichai also received a $868,000 ($US650,000) salary last year in addition to personal security services and air travel valued at $497,000 ($US372,000).