secwatch.observer — SEC 8-K summary
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Issuer:     Roblox Corp (RBLX)
CIK:        0001315098
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001315098-24-000046
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1315098/000131509824000046/0001315098-24-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1315098/000131509824000046/rblx-20240301.htm
  HTML page:      https://secwatch.observer/filing/0001315098-24-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer