Deals
Sprint CEO Set to Get $78 Million If T-Mobile Deal Wins Approval
T-Mobile-Sprint Synergy Is Phenomenal, Says New Street's Chaplin
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Sprint Corp. Chief Executive Officer Marcelo Claure is poised to collect about $78 million if shareholders and regulators approve T-Mobile US Inc.’s bid to buy the rival wireless carrier.
Claure, 47, has a long-term award of 10 million Sprint shares, worth $66.2 million at the offer price, according to data compiled by Bloomberg. The stock will fully vest if he’s terminated within 18 months of the deal’s completion, or if his responsibilities change materially. He’s also eligible for cash severance of about $11.6 million and $54,000 of other benefits.