Alphabet CEO Sundar Pichai has received a new three-year equity compensation package potentially worth $692 million, marking the first time a significant portion of his pay is tied directly to the performance of its autonomous vehicle and drone delivery units. According to an SEC filing, the compensation structure links a substantial share of his rewards to the growth of Waymo, the robotaxi service, and Wing, the aviation delivery subsidiary. This move signals a strategic shift by Alphabet to treat these previously experimental ventures as scalable, core business assets rather than mere moonshot projects. Under the new plan, up to $260 million of the total award depends on the increase in Waymo's per-unit value over the next three years. The compensation committee will determine the value of these equity units, without specifying exact operational milestones Pichai must reach. Additionally, Pichai can earn up to $90 million in equity linked to Wing's per-unit value growth over the same period. An Alphabet spokesperson declined to comment on the specific details, but the filing indicates the board aims to incentivize Pichai to focus on scaling these late-stage Other Bets, viewing such efforts as essential for the company's long-term interests and stakeholder value. Waymo, which originated as a Google project in 2009, has logged over 200 million autonomous miles and recently expanded its commercial ridesharing services to ten markets, including Dallas, Houston, San Antonio, and Orlando. Wing, which began in 2012 and became an independent subsidiary in 2018, has announced plans to expand drone deliveries to more than 270 Walmart stores by 2027. Beyond these performance-linked incentives, Pichai's compensation package retains standard components. His base salary remains at $2 million, unchanged since 2020. He will also receive performance stock units worth up to $252 million, contingent on Alphabet's total shareholder returns relative to the S&P 100 index. Furthermore, a time-based equity grant of $84 million is allocated, provided he remains with the company for the full three-year duration. This comprehensive package combines traditional shareholder alignment metrics with aggressive targets for the company's most high-profile innovation hubs, reflecting a mature phase in the development of Alphabet's diverse portfolio.