Roblox (RBLX) just unveiled an announcement.
Roblox Corporation has revamped the compensation package for its CEO, David Baszucki, moving away from a long-term performance-based award to an annual equity-based structure. This change reflects the company’s commitment to aligning executive incentives with shareholder interests and adapting to market conditions. Baszucki’s 2024 compensation will consist of $25 million in equity, 75% in performance-based stock units contingent on financial goals, and 25% in time-based stock units, with no cash salary or bonus, emphasizing a pay-for-performance culture within the company.
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