![]() ![]() If he'd worked the full year, Reinstra would have earned his annual salary rate, $450,000. Because Reinstra joined the firm in December, his salary value reflects pay for only a small portion of the 2019 fiscal year - at about $34,000. It's worth noting that the S-1's salary values in the summary compensation table, which is where our compensation data comes from, represents the salary dollars paid in 2019, rather than the salary rate (or what the executive would earn in a full year). That number is 57% and 98% for Chief Business Officer Craig Donato and General Counsel and Secretary Mark Reinstra, respectively. Eighty-eight percent of CEO David Baszucki's total reported compensation was granted in option awards. Option awards are a type of equity award that gives recipients the option to purchase company stock at a set price within a specified time range.Īt Roblox, executive compensation was all about options. The S-1 revealed that a majority of each Roblox executive's total reported compensation was made up of option awards. In 2019, Roblox's executives were paid an average of $2.4 million. The online-gaming platform was most recently valued at $4 billion in February. Roblox filed to go public Thursday, posting a 91% increase in revenue in the third quarter of 2020. Visit Business Insider's homepage for more stories. ![]() CEO David Baszucki also owns a stake in the company that controls 70% of Roblox's voting power.Roblox's S-1 filing reveals that the company focuses much of its executives' compensation in option awards.Its filing listed a 91% growth in revenue in the third quarter of 2020. ![]()
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