Core Viewpoint - GameStop is implementing a new performance-based compensation package for CEO Ryan Cohen, which is contingent on achieving significant market and operational goals Group 1: Compensation Structure - Cohen's compensation is entirely "at-risk," meaning he will not receive guaranteed pay, salary, cash bonuses, or stock that vests over time [2] - The package requires GameStop to grow its market capitalization to $100 billion and achieve $10 billion in cumulative performance EBITDA for Cohen's award to fully vest [1] - This compensation structure is designed to align Cohen's incentives with the long-term value creation for GameStop's shareholders [2] Group 2: Stock Options and Market Reaction - The compensation package includes stock options allowing Cohen to purchase over 171.5 million common shares at $20.66 each [3] - GameStop's shares rose more than 4% to $21.60 before the market opened, resulting in a market capitalization of approximately $9.26 billion [3] Group 3: Historical Context - GameStop's shares have significantly declined since May 2024, when investor Keith Gill, known as "Roaring Kitty," publicly supported the company [4] - Gill's endorsement was pivotal in the "meme" stock phenomenon that saw GameStop's stock price exceed $120 in early 2021 [4]