Google switches executive's payout from stock to cash

Nikesh Arora, who oversees Google's revenue operations as well as marketing and partnerships, will receive the payment on May 11, according to a filing Google provided to the U.S. Securities and Exchange Commission on Monday.

The change means Arora will not have to wait for the payout until 2015, when the stock units and options vested. Arora will also get a $3.3 million "discretionary" bonus, Google said in the filing.