Lunatic_Gamer
Gold Member
Activision's executive management stands to receive hefty payouts of millions of dollars if the Microsoft-Activision merger goes through, but Activision CEO Bobby Kotick's company stock portfolio could be worth in excess of $400 million.
If Microsoft acquires ABK at $95 per share, there are a number of high-profile Activision executives that will receive big payouts. The company's largest executive shareholder is CEO Bobby Kotick, who currently owns 4,296,550 shares as per 2023's notice of annual meeting of shareholders.
FTC lawyer Jennifer Fleury brought up Kotick's share amount in the recent FTC v Microsoft federal case. During examination of the Activision CEO, Fleury asked:
Q You own 4.3 million shares of Activision?
That's a ballpark.
Q If the deal closes, then your stock would be worth $408 million?
With your own math, yes.
After Kotick answered this question and did not provide more clarification on his stock value, the FTC said "nothing further."
Assuming Kotick would get $95 a share for all of his owned shares, then the CEO could receive around $408,172,250. The annual report filing also indicates that Kotick has the right to acquire an additional 2.2 million shares, which could boost his shares to nearly 6.5 million and represent total share worth of $617 million.
Activision CEO Bobby Kotick's stock would be worth $400 million if merger closes, FTC says
FTC lawyer does quick off-the-cuff math to determine Activision CEO Bobby Kotick's stock would be worth $400 million, which he doesn't directly clarify.
www.tweaktown.com