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Twitter Pays Noto Millions More to Take on New Operating Role

Anthony Noto

Anthony Noto

Photographer: David Paul Morris/Bloomberg

Twitter Inc. is giving Chief Financial Officer Anthony Noto a hefty raise in return for taking on greater responsibilities at the struggling social media company.

At a meeting this week, directors awarded Noto 940,000 restricted stock units and 325,000 performance-based restricted stock units, with a total compensation target of $12 million per year, the company said in a regulatory filing Wednesday. The equity awards vest over four years.