Elon Musk Buys Twitter: Parag Agrawal was named CEO of Twitter final yr November.
New York:
Twitter Inc CEO Parag Agrawal would get an estimated $42 million if he had been terminated inside 12 months of a change in management on the social media firm, in response to analysis agency Equilar.
On Monday billionaire Elon Musk struck a deal to purchase Twitter for $44 billion, ending its run as a public firm since 2013.
Musk in a securities submitting on April 14 had mentioned he didn’t believe in Twitter’s administration.
Equilar’s estimate features a yr’s price of Agrawal’s base wage plus accelerated vesting of all fairness awards, an Equilar spokesperson mentioned, based mostly on Musk’s providing worth of $54.20 per share and phrases within the firm’s current proxy assertion.
A Twitter consultant declined to touch upon Equilar’s estimate.
Agrawal, beforehand Twitter’s chief expertise officer, was named CEO in November. His complete compensation for 2021 was $30.4 million, in response to Twitter’s proxy, largely in inventory awards.
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