T-Mobile’s John Legere Set to Receive $115 Million as Part of Merger

February 12, 2020

Amit Batish

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As mentioned in a recent Wall Street Journal article, departing T-Mobile CEO John Legere is expected to receive over $111 million as part of the T-Mobile and Sprint merger. However, based on today’s closing stock price of $95.67, that figure has now risen to over $115 million.

The majority of Legere’s severance package will come from the vesting of performance awards, including 598,029 target shares that were granted to him in connection with the merger. While the calculations are based on target performance, they could change given that the actual amount that vests will be based on actual performance through the close of the merger. Below is a breakdown of Legere’s severance package:

Potential Payouts

Legere has been CEO of T-Mobile since April 30, 2013. From 2013-2018, Legere realized $182,348,005 in total compensation.

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