Prior to Wagner’s hire in 2021, former Twilio deputy general counsel Shanti Ariker took the top legal job at software company Zendesk Inc. The Wagner-led legal team at Twilio has experienced turnover in recent years.
Twilio’s most recent proxy states that Wagner’s large stock award was granted in January 2022 and represents a mix of restricted and performance-based shares. Within the past year Wagner-who previously worked at Alphabet Inc.'s Google and payments company Square Inc., now called Block Inc.-has sold off nearly $1.4 million in Twilio stock, according to securities filings. Twilio went public in 2016.Įarlier this year Twilio also touted a plan to buy back $1 billion in stock.
The company said it would shed 17% of its workforce, cut back on certain employee benefits, and reduce office space after expanding too quickly during the COVID-19 pandemic. The company announced a corporate restructuring in February. Twilio, which makes communications and marketing software, acknowledged a hack last year that affected some employees and customers. Smith subsequently took the top legal job at Snyk Ltd., a Boston-based cybersecurity startup that parted ways with her amid a mass layoff late last year. He succeeded Karyn Smith, who stepped down after spending almost a decade leading Twilio’s law department. Wagner’s pay for one month of service at Twilio in 2021 included a $250,000 sign-on bonus to become the company’s chief legal and compliance officer and corporate secretary. That total compensation dwarfed the roughly $262,000 in cash that Wagner was paid in 2021 after being hired by Twilio in December of that year from privately held Impossible Foods Inc., where he spent four years as the plant-based meat substitute maker’s top lawyer. Twilio disclosed in a proxy statement Wednesday that Wagner received nearly $25.6 million in stock awards from the San Francisco-based company last year, as well as $600,000 in annual base salary. handed its top legal executive Dana Wagner a pay package valued at almost $26.2 million in 2022. Cloud communications platform Twilio Inc.
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