---
schema_version: "secwatch.filing_event.v1"
accession: "0001447669-24-000159"
form_type: "8-K"
ticker: "TWLO"
cik: "0001447669"
company_name: "TWILIO INC"
filed_at: "2024-10-04T23:59:59+00:00"
generated_at: "2026-05-30T19:59:03.343357+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Twilio amends executive severance plans: CEO gets 24mo salary + 200% bonus on change-in-control termination

## Summary
- CEO severance on change-in-control termination: lump sum of 24 months base salary plus 200% of target bonus, full equity acceleration.
- Senior executives (non-CEO) severance: lump sum of 18 months base salary plus 150% of target bonus, full equity acceleration.
- COBRA subsidy extended: CEO up to 24 months, senior execs up to 18 months after qualifying termination.
- Performance-vested equity awards deemed satisfied at target level for accelerated vesting under change-in-control.
- Amendments approved by Compensation Committee on September 30, 2024; effective upon execution of release.

## SEC filing metadata
- accession: 0001447669-24-000159
- form_type: 8-K
- ticker: TWLO
- cik: 0001447669
- company_name: TWILIO INC
- filed_at: 2024-10-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1447669/000144766924000159/0001447669-24-000159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1447669/000144766924000159/twlo-20240930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001447669-24-000159
- JSON: https://secwatch.observer/filing/0001447669-24-000159.json
- Plain text: https://secwatch.observer/filing/0001447669-24-000159.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.