![]() ![]() *Indicates the voting power is less than 1% Google stock classes: what do they mean? Since class C shares hold no voting power, they haven’t been included. The table below details the total ownership and voting power of chief executives and directors at Google and Alphabet. This is a huge increase on the publicly-available class A stocks, which only carry 299,360,029 votes. 1ĭespite the relatively low number of class B shares in circulation, these shares have 465,350,190 votes thanks to their ten-times voting power. After the split, they would now own 1000 shares of Google class A, as well as 998 shares of Google class C, since the split was 1998/1000.Īs of 31 January 2019, there were 299,360,029 shares of class A stock outstanding, 46,535,019 shares of class B stock outstanding and 349,291,348 class C shares outstanding. Google stock split exampleįor an example of the Google stock split on 3 April 2014, let’s assume that a trader owned 1000 Google shares before the split. Class B shares have ten-times the voting power of class A stock and owners of class B shares also received one class C share for every class B share they held at the time of the first split on 3 April 2014. Google class C stock (GOOG) splitsĪside from class A and C shares, there are also Google class B shares which are owned by a handful of directors and the two founders. This was done on the assumption that class C stock would trade at a discount to class A due to its lack of voting power, which is explained in greater detail later in this article. Rather than a stock split in the traditional sense, it was a form of compensation which awarded 2.7455 shares for every 1000 already owned by an investor. (SNAP) and Under Armour (UA) have since seen the benefits of preserving voting rights at the top level of company governance.Īnother split happened on 27 April 2015, and it only applied to class C stock. However, other companies such as Facebook (FB), Snap Inc. This was controversial at the time because rather than simply issuing fresh stock, Google created a new classification of stock with reduced voting privileges. This was achieved by creating the new class C stock, which does not carry any voting rights at shareholder meetings. ![]() The split was to ensure that the founders, Larry Page and Sergey Brin, retained overall voting control of the company, while also reducing Google’s then share price by half. ![]()
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