Reported Friday October 4, 2024 Twilio Amended CEO And Senior Executive Severance Plans To Include Lump Sum Payments Of 24 Months' Base Salary Plus 200% Target Bonus For CEO, And 18 Months' Base Salary Plus 150% Target Bonus For Executives Upon Qualifying Termination Related To Change In Control, Along With Health Benefits And Equity Vesting
Portfolio Pulse from Benzinga Newsdesk
Twilio has amended its CEO and senior executive severance plans to include significant lump sum payments and benefits upon qualifying termination related to a change in control. This includes 24 months' base salary plus 200% target bonus for the CEO, and 18 months' base salary plus 150% target bonus for other executives.
October 07, 2024 | 2:41 pm
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Twilio has revised its severance plans for the CEO and senior executives, offering substantial payouts and benefits upon a change in control. This move could indicate preparations for potential mergers or acquisitions.
The amendment to the severance plans suggests Twilio is preparing for potential changes in control, such as mergers or acquisitions. This could be seen as a positive signal for investors, indicating strategic planning for future corporate actions.
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