Activision’s Kotick Could See $520 Million on Microsoft Deal
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Activision Blizzard Inc. Chief Executive Officer Bobby Kotick stands to reap more than $500 million after Microsoft Corp. completes its purchase of the video game publishing giant.
In a securities filing on Friday, Activision said Kotick, 59, would receive $14.4 million in severance if he is terminated or leaves under various circumstances within a year of a change of control at the company. Kotick owns 4.3 million shares and has the right to acquire another 2.2 million through the exercise of options, which could potentially be worth $520 million in total at the $95 per-share price that Microsoft is offering. Kotick, who has been CEO for nearly 30 years, received $826,549 in total compensation in 2021, according to the proxy filing.