Roku adopts Executive Supplemental Stock Option Program for CEO and SVPs

ROKU, INC

Program allows executives to reduce annual base salary in exchange for monthly grants of fully vested nonstatutory stock options.
Elections must be made during the last open trading window of the prior year and are irrevocable except for unforeseeable emergencies.
Monthly grants are determined by formula using salary reduction amount, closing stock price, and a Black-Scholes-based ratio.
Options are fully vested on grant date, exercisable for up to ten years, and administered under the 2017 Equity Incentive Plan.
Program effective starting calendar year 2022; Compensation Committee may adjust the Stock Option Ratio annually.

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