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Twitter CEO set to receive $42 million if terminated after Musk deal
2022-04-26 00:00:00.0     星报-商业     原网页

       NEW YORK: Twitter Inc CEO Parag Agrawal would get an estimated US$42 million if he were terminated within 12 months of a change in control at the social media company, according to research firm Equilar.

       On Monday billionaire Elon Musk struck a deal to buy Twitter for US$44 billion, ending its run as a public company since 2013.

       Musk in a securities filing on April 14 had said he did not have confidence in Twitter's management.

       Equilar's estimate includes a year’s worth of Agrawal's base salary plus accelerated vesting of all equity awards, an Equilar spokesperson said, based on Musk’s offering price of $54.20 per share and terms in the company's recent proxy statement.

       A Twitter representative declined to comment on Equilar's estimate.

       Agrawal, previously Twitter's chief technology officer, was named CEO in November. His total compensation for 2021 was $30.4 million, according to Twitter's proxy, largely in stock awards.- Reuters

       


标签:综合
关键词: proxy     vesting     Agrawal     Twitter Inc CEO     Equilar's estimate     awards     billionaire Elon Musk     Twitter's management    
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