Twitter's Five Outside Board Members Will Get Up To $US16 Million Worth Of Stock Each

Peter Fenton BenchmarkYouTube/ForbesBenchmark’s Peter Fenton, a Twitter board member.

Twitter is all set to go public in a few weeks.

As part of the process, it filed an update to its S1 papers. (This happened yesterday when the tech world was laser focused on Apple’s new iPad announcement.)

The hidden gem in the S1 update? Twitter’s five outside board members (the board members whose day jobs aren’t at Twitter) are set to get up to $US16 million worth of stock each, as Footnoted points out.

Let’s put that in perspective.

Before Facebook’s IPO, its board members each got about $US600,000 worth of stock. Google’s board members got about the same.

So it looks like Twitter’s board members are in for a huge payday when the company officially goes public in November.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

sai-us twitter