If Parag Agrawal were to be fired within a year after a change of control at Twitter, he would receive $42 million, according to research company Equilar.
In a deal announced Monday, billionaire Elon Musk agreed to buy Twitter for $44 billion, ending Twitter’s run as a public company since 2013. On April 14, Musk expressed his dissatisfaction with Twitter’s management in a securities filing.
A spokesperson for Equilar said its estimate is based on Musk’s offering price of $54.20 per share and terms in the company’s recent proxy statement, which include Agrawal’s base salary plus accelerated vesting of all equity awards.
Formerly Twitter’s chief technology officer, Agrawal was named CEO in November. According to Twitter’s proxy, Agrawal’s total compensation was $30.4 million, largely in stock awards.