T-Mobile US, Inc. announced in a Form 8-K filing on January 27, 2025, the appointment of Srinivasan Gopalan as Chief Operating Officer (COO), effective March 1, 2025.

In connection with this appointment, T-Mobile entered into an employment agreement with Mr. Gopalan, outlining his compensation and benefits. The agreement includes an annual base salary of $1,000,000, an annual target cash incentive of $2,000,000, long-term incentive awards valued at $9,500,000 annually, and a one-time sign-on payment of $2,000,000. Additional benefits include relocation assistance, tax preparation services, and travel allowances. Mr. Gopalan is also entitled to restricted stock units to compensate for forfeited awards from his previous employer, Deutsche Telekom AG.

The agreement specifies severance terms for terminations without cause, resignation with good reason, and termination due to death or disability. In such cases, Mr. Gopalan will receive payments, pro-rated incentives, health benefits, and continued mobile discounts, subject to compliance with restrictive covenants. All incentive compensation is subject to T-Mobile’s clawback policy and excise tax mitigation provisions.

T-Mobile issued a press release on the same date to announce the appointment, emphasizing Mr. Gopalan’s role in furthering the company’s operational leadership.