Twitter CEO set to receive $42 million if sacked after Musk deal
![Twitter Inc CEO Parag Agrawal (Twitter) Twitter Inc CEO Parag Agrawal (Twitter)](https://s3.ap-southeast-1.amazonaws.com/images.asianage.com/images/aa-Cover-mj6qp6eh8cupc2au89sripij83-20220426104341.Medi.jpeg)
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 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.