The Globe and Mail reports in its Tuesday edition that the top five executives at Hammerhead Energy are getting $70-million in cash combined after Crescent Point Energy acquires their company. The Globe's Tim Kiladze writes that Crescent Point is buying Hammerhead for $2-billion, about 40 per cent more than the price Hammerhead started trading at when it listed on the Toronto Stock Exchange in February. Hammerhead was founded in 2009 and a number of its executives have been with the company for years, meaning they have significant amounts of restricted shares and stock options earned as part of their annual compensation packages. If shareholders approve the takeover, these shares and options will vest immediately, meaning the value will be paid out in cash. Hammerhead also issued 1.9 million share awards in April of this year, only two months after the company started trading on the TSX. Those shares were worth $40.9-million when Crescent Point's takeover was announced. Hammerhead chief executive officer Scott Sobie will receive the largest cash payout through the takeover, worth $28.1-million. Four senior vice-presidents will each get between $9.6-million and $11.6-million in cash.