July 29, 2021

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Reuters reveals Robinhood gives founders second chance at $1.4 billion windfall

Business & FinanceTechnology

Reuters broke the news that stock-trading app Robinhood Markets Inc is giving its billionaire founders four more years to hit share price targets that trigger stock awards worth $1.4 billion. The change could cost Robinhood almost $570 million in accounting expenses over time, according to a regulatory filing and a compensation expert. 

Article Tags

Topics of Interest: Business & FinanceTechnology

Type: Reuters Best

Sectors: EquitiesTechnology

Regions: Global

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story