Form 4: Roblox Director Gina Mastantuono Reports Stock Transaction

Director Gina Mastantuono of Roblox Corp. reports a transaction involving the exchange of Class A common stock for phantom stock due to deferred compensation.

Summary

• Gina Mastantuono, a director at Roblox Corp, reported a transaction on November 20, 2024.
• The transaction involved the vesting of 1,833 restricted stock units (RSUs).
• Instead of receiving 1,833 shares of Class A common stock, Ms. Mastantuono received 1,833 shares of phantom stock.
• This exchange was due to Roblox Corporation's deferred compensation plan.
• The phantom stock will be paid in two lump sums: 50% on March 1, 2028, and 50% upon separation from service, contingent on continued service through March 1, 2028.
• Ms. Mastantuono now beneficially owns 18,040 shares of Class A common stock and 10,048 shares of phantom stock.

Sentiment

Score: 7

Explanation: The document is a routine filing of a stock transaction, which is neither positive nor negative. It is a standard part of corporate governance and compensation practices.

Future Outlook

The phantom stock will be paid out in two lump sums, with the first 50% on March 1, 2028, and the remaining 50% upon separation from service, contingent on continued service through March 1, 2028.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It reflects the compensation practices of Roblox.

Comparison to Industry Standards

• Deferred compensation plans and the use of phantom stock are common practices in the technology industry, particularly for executive compensation.
• Many companies, such as Meta, Google, and Microsoft, use similar methods to incentivize and retain key personnel.
• The vesting schedules and payout terms are generally in line with industry norms for long-term incentive plans.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard compensation practice.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Roblox, Director, Gina Mastantuono, Stock Transaction, Phantom Stock, Deferred Compensation, Restricted Stock Units, RBLX