Twitter is giving its new board member Omid Kordestani a $50,000 salary and millions in stock options

Omid Kordestani
Omid Kordestani

(JD Lasica / Flickr)

Omid Kordestani left Google to join Twitter as its executive chairman and board member earlier this week, and his salary information has been made public in an SEC filing.

Kordestani will be paid a base salary of $50,000, but what he lacks in base will be more than made up for in stock.

He'll be given a grant of 800,000 stock options which will vest over the next four years, and he'll have the opportunity to rake in another 400,000 options if the company meets its fiscal year goals.

Those 800,000 options have an exercise price of about $29.06, the price of Twitter's stock on the day Kordestani was given the grant (October 13, 2015). That's more than $23 million. And those 400,000 additional performance-based options could be worth around $11.6 million.

Not bad!

You can check out all the terms of Kordestani's contract in the filing here.

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