Do you know how much is the salary of Twitter CEO Parag Agrawal, More than 1 Million Dollar

Parag Agrawal has recently been promoted as the new CEO of micro-blogging platform Twitter on Monday. Parag, who was previously served as the company insider and technology head replaced Jack Dorsey as chief executive officer. Agrawal joined Twitter as a software engineer in 2011 and has been with the company for over a decade. He was appointed chief technology officer in October 2017.

According to the company’s filling at US Securities and Exchange Commission (SEC), the new Twitter chief, Parag Agrawal will receive an annual salary of more than $1 million ($1,000,000 ) along with other perks and bonuses.

He will also be participant in the company’s executive bonus plan with a new target bonus of 150 per cent of his annual base salary. Twitter Board will also grant Parag Agrawal Restricted Stock Units (RSU) with a grant date face value Of $12.5 million.

“Parag Agrawal will receive an annual salary of USD 1,000,000 and will continue to be a participant in the company’s executive bonus plan with a new target bonus of 150 per cent of his annual base salary. Under the terms of the Offer Letter, in December 2021, the Board will grant to Mr Agrawal restricted stock units (RSUs) with a grant date face value of USD 12,500,000,” said a regulatory filing by Twitter to the US SEC.

The filing added that the RSUs will vest in 16 equal quarterly increments (each being 6.25 per cent of the grant) starting February 1, 2022, subject in each case to Agrawal remaining an employee of Twitter through the applicable vesting date.

The 37 years-old CEO holds a bachelor’s degree from IIT Bombay and a PhD in computer science from Stanford University.

On November 29, Dorsey had announced that he is stepping down from his position. He named Agrawal as his successor on the same day. Dorsey will remain on the Board until his term expires in 2022.

Agrawal is the latest Indian to join the growing list of India-born CEOs of tech companies. For example Sundar Pichai of Google, Satya Nadella of Microsoft, Arvind Krishna of IBM, Shantanu Narayen of Adobe CEO and Rangarajan Raghuram of VMware.

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