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Neumann’s WeWork Payday Grows With $245 Million in Stock

May 27, 2021, 4:43 PM

Adam Neumann is set to emerge from his separation with WeWork, the company he led from its beginning until his ouster in 2019, with an extra bonus of stock riches if the company’s new plan to go public is successful.

The award will give Neumann shares worth more than $245 million at the current price if public investors embrace the stock. The terms, disclosed in a securities filing this month, were part of a settlement agreement with SoftBank Group Corp., WeWork’s biggest backer, reached in February over a stock transaction that fell through in 2020.

The shares come on top of an already generous exit ...

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