---
schema_version: "secwatch.filing_event.v1"
accession: "0001315098-24-000046"
form_type: "8-K"
ticker: "RBLX"
cik: "0001315098"
company_name: "Roblox Corp"
filed_at: "2024-03-04T23:59:59+00:00"
generated_at: "2026-06-05T04:36:59.277401+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001315098-24-000046
- form_type: 8-K
- ticker: RBLX
- cik: 0001315098
- company_name: Roblox Corp
- filed_at: 2024-03-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1315098/000131509824000046/0001315098-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1315098/000131509824000046/rblx-20240301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001315098-24-000046
- JSON: https://secwatch.observer/filing/0001315098-24-000046.json
- Plain text: https://secwatch.observer/filing/0001315098-24-000046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.