37-year-old Parag Agrawal recently took over as the chief executive officer (CEO) of Twitter following Jack Dorsey’s resignation. The IIT-Bombay alumnus was unanimously appointed by the Twitter board of directors, who apparently ran a rigorous process to look for a successor.

In a filing with the U.S. Securities and Exchange Commission (SEC), Twitter informed that Parag Agrawal will receive an annual salary of $1 million (Rs 7.5 crore approximately) plus bonuses. As per reports, he will also receive restricted stock units (RSUs) valued at $12.5 million (Rs 93.69 crore approximately) that will vest in 16 equal quarterly increments, starting February 1, 2022, along with performance-based restricted stock units (PRSUs) in April 2022. The company also claimed that Agrawal had received RSUs and PRSUs earlier this year as well.

Parag Agrawal graduated from IIT Bombay with a Bachelor’s degree in Computer Science and Engineering before earning a PhD in Computer Science from Stanford University. He has previously worked in Microsoft, Yahoo, and AT&T labs before joining Twitter in 2011. Parag was subsequently appointed as the company’s CTO on March 8, 2018.