According to research firm Equilar, if Twitter Inc CEO Parag Agrawal was fired within 12 months of a change in leadership in the social media business, he would get an estimated $42 million.
Elon Musk, the billionaire, agreed to acquire Twitter for $44 billion on Monday, ending the business’s stint as a public corporation, which began in 2013.
Musk expressed his dissatisfaction with Twitter’s management in a securities filing on April 14.
Based on Musk’s offering price of $54.20 per share and conditions in the company’s latest proxy statement, Equilar’s estimate includes a year’s worth of Agrawal’s base pay plus accelerated vesting of all equity awards, according to an Equilar spokesman.
Equilar’s estimate was met with silence from a Twitter spokesperson.