February 12, 2020
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:
|Cash||Time-Based Stock||Time-Based Options||Performance Equity||Total|
Legere has been CEO of T-Mobile since April 30, 2013. From 2013-2018, Legere realized $182,348,005 in total compensation.
Amit Batish, Content Manager, authored this post. Courtney Yu, Director of Research, conducted data and analysis. Please contact Amit Batish at email@example.com for more information on Equilar data and analysis.
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