Roblox cancels CEO Baszucki's LTP award (up to 11.5M shares) and approves new $25M equity-only 2024 comp

Roblox Corp

CEO LTP Award cancelled; max 11.5M shares, none vested, stock-price goals never achieved.
2024 CEO compensation: $25M target value, 75% PSUs (446,534 shares) on bookings & adj. EBITDA, 25% RSUs (148,844 shares).
Base salary remains $0; no cash bonus; equity grants align with other execs' annual program.
PSUs vest based on cumulative bookings and adjusted EBITDA over two-year period ending Dec 31, 2025.
LDCC acted after multi-year review; FW Cook advised on peer-group benchmarking.

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