The Globe and Mail reports in its Thursday edition that Wednesday was a lucrative day for Rona chief executive officer Robert Sawyer, who saw the value of his shares and stock options climb by $14-million under Lowe's friendly takeover offer. The Globe's Janet McFarland and Jacqueline Nelson write that after fewer than three years as CEO, Mr. Sawyer stands to reap more than $22-million from his equity holdings if the takeover bid is concluded at the $24-a-share offering price. Prior to the bid for Rona, Mr. Sawyer's total stock options had minimal value -- just $161,986. Rona's shares closed Tuesday at just $11.77 after sliding from a recent peak of $16.85 last April. At $24 a share, the U.S. retailer's bid for Rona came in at more than double Tuesday's close, pushing the value of Mr. Sawyer's options to $5.4-million at that price. Coupled with his holdings of more than 711,876 common shares and share units, Mr. Sawyer's total equity holdings are worth $22.5-million under the Lowe's bid price. Mr. Sawyer joined Rona in April, 2013. Mr. Sawyer's gains could increase further if Lowe's decides to terminate him after taking control, making him eligible for severance payments estimated at $4.15-million.