Company: GOOGL
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001308179-25-000511
Chunk: 55

Company: Alphabet Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 55
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 Journal of Financial Economics, April 2021, https://doi.org/10.1016/j.jfineco.2020.10.008. |

Alphabet Opposing Statement

| Our Board of Directors recommends a vote AGAINST                                                                                    
 the stockholder proposal because:                                                                                                   
 •  Our                                                                                                                              
 Board and its committees are best positioned to review the company’s capital allocation plan and ensure that executive compensation 
 is aligned with such strategy and the best interests of our stockholders.                                                           |

Alphabet2025 Proxy Statement 67

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| Proxy      
 Statement  
 Summary &  
 Highlights | Corporate  
 Governance | Director and 
 Executive    
 Compensation | Audit Matters | Proposals | Q&A |

The Compensation Committee is best positioned to determine the appropriate factors to evaluate executive compensation The Compensation Committee and our Board are responsible for aligning executive incentives with Alphabet’s strategy and the best interests of our stockholders. The Compensation Committee (which is composed entirely of independent directors) and our Board are in the best position to design and implement executive compensation practices and principles that align with the long-term interests of our stockholders, taking into account best practices, market competitiveness, and our strategic, operational, and financial goals, including returning capital to our stockholders. The Compensation Committee retains independent compensation consultants to provide input, analysis, and guidance on the company’s executive compensation, peer groups, compensation design, equity usage and allocation, risk assessment, and human capital management. As part of its process, the Compensation Committee considers key drivers of company performance and holds executives accountable for delivering on such performance targets. In addition, the Compensation Committee regularly assesses our executive compensation program, considering our strategy, market practices and stockholder input to confirm that it remains appropriately aligned with current market practices and stockholders’ interests. Should Alphabet implement the proposal, it would mean deviating from comparable metrics used by Alphabet’s peers and put Alphabet at a competitive disadvantage. Our Board is best positioned for allocating capital in a manner that is in the best interest of our stockholders Our Board regularly reviews our capital needs and guides the long-term capital structure of Alphabet to ensure we have sufficient capital to invest for future growth. After determining it has sufficient liquidity for short-term and long-term planning, Alphabet has repurchased shares under a stock repurchase program to return value to our stockholders. In addition, we repurchase shares to offset the dilutive effect of the issuance of shares pursuant to our equity compensation plans. The Compensation Committee considers Alphabet’s stock repurchase approvals, as well as current