Roku ( (ROKU) ) has issued an announcement.
Roku, Inc. has revamped its Executive Supplemental Stock Option Program, allowing senior executives to trade a portion of their salary for fully vested stock options. Starting in 2025, this option can be elected annually, with the number of stock options determined by a formula linked to the company’s share price. Participating executives must enroll during a specific period, cannot alter their election post-enrollment, and face restrictions on withdrawing from the program. Monthly stock option grants are contingent on continued service and are exercisable for ten years, with terms set by the company’s Equity Incentive Plan.
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