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Roku Inc | 8-K: The Compensation Committee of the Board of Directors of Roku Approved Changes to the Terms of Roku's Executive Supplemental Stock Option Program

Roku Inc | 8-K: The Compensation Committee of the Board of Directors of Roku Approved Changes to the Terms of Roku's Executive Supplemental Stock Option Program

Roku Inc | 8-K:Roku Inc董事会薪酬委员会批准修改Roku高管补充股票期权计划的条款
美股SEC公告 ·  2024/09/26 22:13

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Roku announced modifications to its Executive Supplemental Stock Option Program, effective January 1, 2025. The amended program allows senior executives at or above SVP level, excluding the CEO, to exchange portions of their annual base salary for monthly grants of fully vested non-statutory stock options under the company's 2017 Equity Incentive Plan.Participating executives must enroll during the last open trading window of the preceding year, with no changes permitted after the enrollment deadline. The monthly stock options are calculated using a formula based on the salary reduction amount, stock fair market value, and a Board-determined Stock Option Ratio. These options vest immediately upon grant and remain exercisable for 10 years regardless of employment status.The program includes specific timing provisions for grant dates around company filing periods and allows withdrawal only during open trading windows and under unforeseeable emergency circumstances. The Compensation Committee retains the right to review and adjust the Stock Option Ratio annually before enrollment periods.
Roku announced modifications to its Executive Supplemental Stock Option Program, effective January 1, 2025. The amended program allows senior executives at or above SVP level, excluding the CEO, to exchange portions of their annual base salary for monthly grants of fully vested non-statutory stock options under the company's 2017 Equity Incentive Plan.Participating executives must enroll during the last open trading window of the preceding year, with no changes permitted after the enrollment deadline. The monthly stock options are calculated using a formula based on the salary reduction amount, stock fair market value, and a Board-determined Stock Option Ratio. These options vest immediately upon grant and remain exercisable for 10 years regardless of employment status.The program includes specific timing provisions for grant dates around company filing periods and allows withdrawal only during open trading windows and under unforeseeable emergency circumstances. The Compensation Committee retains the right to review and adjust the Stock Option Ratio annually before enrollment periods.
Roku宣布对其执行补充股票期权计划进行修改,计划于2025年1月1日起生效。修订后的计划允许高管(不包括CEO)在SVP级别或以上的高管用其年度基本工资的一部分来交换每月授予的完全归属的非法定股票期权,这些期权属于公司的2017年股权激励计划。参与的高管必须在前一年最后一个开放交易窗口期间登记,且在登记截止日期之后不允许更改。每月股票期权的计算采用基于工资减免金额、股票公允市场价值及董事会决定的股票期权比例的公式。这些期权在授予时立即归属,并且无论就业状态如何,均可行使10年。该计划包括围绕公司申报周期的具体授予日期规定,并仅在开放交易窗口期间以及不可预见的紧急情况下允许撤回。薪酬委员会保留在登记期间每年审查和调整股票期权比例的权利。
Roku宣布对其执行补充股票期权计划进行修改,计划于2025年1月1日起生效。修订后的计划允许高管(不包括CEO)在SVP级别或以上的高管用其年度基本工资的一部分来交换每月授予的完全归属的非法定股票期权,这些期权属于公司的2017年股权激励计划。参与的高管必须在前一年最后一个开放交易窗口期间登记,且在登记截止日期之后不允许更改。每月股票期权的计算采用基于工资减免金额、股票公允市场价值及董事会决定的股票期权比例的公式。这些期权在授予时立即归属,并且无论就业状态如何,均可行使10年。该计划包括围绕公司申报周期的具体授予日期规定,并仅在开放交易窗口期间以及不可预见的紧急情况下允许撤回。薪酬委员会保留在登记期间每年审查和调整股票期权比例的权利。
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