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Activision Blizzard CEO Bobby Kotick Could Walk Away With More Than $500 Million After Microsoft Deal

In a securities filing Friday, Activision said Mr. Kotick would receive $14.4 million in severance if he is terminated or quits under a variety of circumstances within a year of a change of control at the company. It also said Mr. Kotick owns 4.3 million shares and has the right to acquire another 2.2 million—potentially worth just over $500 million combined at the $95-a-share deal price. Mr. Kotick received $826,549 in compensation in 2021, according to the filing. Friday’s disclosure, in Activision’s annual proxy…