Twitter CEO set to receive $42 million if terminated after Musk deal

Reuters – Twitter Inc CEO Parag Agrawal would get an estimated 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 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 Twitters 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 companys recent proxy statement.

A Twitter representative declined to comment on Equilars estimate.

Agrawal, previously Twitters chief technology officer, was named CEO in November. His total compensation for 2021 was 30.4 million, according to Twitters proxy, largely in stock awards.