Roku Inc. announced the adoption of its Amended and Restated 2017 Equity Incentive Plan, subject to stockholder approval. The plan serves as a successor to the 2008 Equity Incentive Plan, with no additional stock awards granted under the prior plan since the IPO Date. The new plan includes a share reserve increase, provisions for capitalization adjustments, and extends the 'evergreen' provision for automatic annual increases in available shares for grant until January 1, 2034. The plan aims to secure and retain services of eligible recipients, incentivize maximum efforts for the company's success, and allow participants to benefit from increases in the value of Common Stock. The announcement also detailed the administration of the plan, eligibility, types of awards, and adjustments upon changes in...Show More

Roku Inc. announced the adoption of its Amended and Restated 2017 Equity Incentive Plan, subject to stockholder approval. The plan serves as a successor to the 2008 Equity Incentive Plan, with no additional stock awards granted under the prior plan since the IPO Date. The new plan includes a share reserve increase, provisions for capitalization adjustments, and extends the 'evergreen' provision for automatic annual increases in available shares for grant until January 1, 2034. The plan aims to secure and retain services of eligible recipients, incentivize maximum efforts for the company's success, and allow participants to benefit from increases in the value of Common Stock. The announcement also detailed the administration of the plan, eligibility, types of awards, and adjustments upon changes in Common Stock or other corporate events. The plan will be administered by the Board or a delegated Committee and includes terms for the grant, exercise, and payment of awards, as well as provisions for the treatment of awards upon termination of service or in the event of a Corporate Transaction or Change in Control. The plan emphasizes alignment with stockholder interests, with specific limits on non-employee director compensation and measures to prevent dilution. The effective date of the plan will be the date of stockholder approval at Roku's 2024 annual meeting.