Business Context and Reporting Period
This Form 8-K Current Report was filed by Alphabet Inc. on April 10, 2026, covering events reported on April 7, 2026. The filing details the approval and grant of equity awards to four senior executive officers by the Leadership Development, Inclusion and Compensation Committee (LDICC).
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. It focuses exclusively on executive compensation values.
- Equity Awards Granted: Performance Stock Units (PSUs) and Restricted Stock Units (GSUs) were granted on April 8, 2026.
- Valuation Basis: Awards were calculated using the average closing price of Alphabet's Class C capital stock during March 2026.
Material Changes and Executive Compensation Details
The primary material event is the grant of significant equity awards to key executives, including transitional amounts to offset the discontinuation of the SVP Bonus program in 2025. 2026 represents the second and final year of this transition.
| Executive Officer | PSU Target Value | GSU Amount | Transitional GSU Amount | Total GSU Value |
|---|---|---|---|---|
| Anat Ashkenazi (SVP, CFO) | $10,000,000 | $20,000,000 | $6,000,000 | $26,000,000 |
| Ruth Porat (President, CIO) | $9,000,000 | $20,000,000 | $5,000,000 | $25,000,000 |
| Philipp Schindler (SVP, CBO) | $16,000,000 | $26,000,000 | $5,666,667 | $31,666,667 |
| Kent Walker (President, Global Affairs) | $9,000,000 | $20,000,000 | $5,000,000 | $25,000,000 |
Guidance, Outlook, and Vesting Terms
Performance Metrics: PSUs vest based on Alphabet's total shareholder return (TSR) relative to the S&P 100 over the 2026-2028 performance period. Vesting ranges from 0% to 200% of the target based on performance.
Vesting Schedule:
- GSUs: The target award vests monthly over three years (2026-2028). The transitional award vests monthly during 2026.
- Accelerations: A 4-month catch-up vest occurred in April 2026. A vesting date shift in March 2027 results in a cumulative 2-month vest.
- Termination: Unvested GSUs accelerate immediately upon death. Termination without cause allows pro-rata vesting of PSUs based on actual performance. Termination for cause results in forfeiture.
Risks: The filing notes that performance-based equity may not vest at all if performance targets are not met. Full terms are subject to the 2021 Stock Plan and award agreements.
Investor Verification Checklist
- Verify the exact number of shares issued by dividing the dollar values by the March 2026 average closing price of Class C stock.
- Review the full text of the award agreements filed as exhibits to the upcoming Form 10-Q for specific performance hurdles.
- Monitor future filings for the actual vesting outcomes of the 2026-2028 PSU tranche.
- Confirm the impact of the SVP Bonus program discontinuation on total executive compensation trends.