Twitter CEO Parag Agarwal, who will take over from Jack Dorsey as CEO at Twitter. will receive an annual salary of $1 million (roughly Rs 7.5 crores) plus bonuses, Twitter said in a filing with the US securities and Exchange commission (SEC).
Apart from the million-dollar package, Agarwal will also receive restricted stock units valued at $12.5 million (roughly Rs 93.9 crores) that will be vested in 16 equal quarterly increments, starting February 2022. Dorsey was on an annual salary of $1.4 since 2018, which he said was based on his “belief in Twitter’s long-term value creation potential."
The founder owns about 2.26 percent of Twitter and has an 11 percent stake in Square Inc that is valued at $98.2 billion (roughly Rs 7,37,900 crores).
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