Roku & Snap land new GCs with huge stock grants

Roku and Snap gave substantial equity grants to land their new GCs, per Corporate Counsel/Recorder. In November, Roku hired Chris Handman, a veteran GC including at Snap, and gave him a $9.2M equity grant that vested quarterly over two years. Two weeks after Roku’s hire, Snap hired Zachary Briers from Munger Tolles and awarded him a $23M equity grant vesting quarterly over three years.

As a point of comparison, Apple’s GC Kate Adams received total equity grants valued at $19.4M when she joined the company in 2017. (Half vested in quarterly installments 2018-2020, and the other half was linked to Apple’s shareholder return 2017-2020. See https://share.google/dJBV6R9MZ2JMFq6IV for more details.)