Julie Morgan

The CEO of Alphabet could earn up to $692 million over the next three years, according to his new compensation package, making him one of the world's highest-paid chief executives.

The package includes two tranches of Alphabet Performance stock units with a target value of $63 million each.

Sundar Pichai will receive $84 million in restricted stock units, which will vest over three years on a monthly basis subject to continued employment.

His pay package also includes stock incentives worth about $130 million and $45 million tied to the growth of Alphabet's robo-taxi unit Waymo and drone delivery startup Wing Aviation, respectively.

His annual base salary is $2 million.

Now for a look at what's trending, of course the focus is still on oil.

We're looking at the effect of rising crude prices on global GDP.

That story already has more than 110 comments.

Is Putin the big winner in the Iran conflict?

More than 200 comments on that one.

And we're listing the top 10 energy stocks showing the highest dividend yield as oil crosses the $100 mark.

On our Catalyst Watch for the Day, I have three items for you.

The three-day Deutsche Bank Media, Internet, and Telecom Conference begins.

Some of the notable companies with presentations or fireside chats include American Tower, Verizon, and Roku.

The Game Developers Conference in San Francisco is expected to see a broader AI-focused festival atmosphere.

NVIDIA, Apple, and Ubisoft are some of the companies that will have a significant presence.

And shareholders with Alexander & Baldwin will vote on the takeover offer from a joint venture of MW Group, Blackstone Real Estate, and Divco West.

On Wall Street at this early hour, Dow, S&P and Nasdaq futures are deeply in the red.

Crude oil is up 12% at $101 a barrel.

Bitcoin is up 3.4% at $68,000.