Exclusive: Robinhood gives founders second chance at $1.4 billion windfall

FILE PHOTO: Vlad Tenev, co-founder and co-CEO of investing app Robinhood, speaks during the TechCrunch Disrupt event in Brooklyn borough of New York, U.S., May 10, 2016. REUTERS/Brendan McDermid/File Photo

(Reuters) - 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, according to a regulatory filing and four executive compensation experts who reviewed it.

The company had agreed to award CEO Vladimir Tenev and chief creative officer Baiju Bhatt 13.8 million shares contingent on its share price reaching certain price levels at the time of its initial public offering (IPO), the executive compensation experts who analyzed the filing told Reuters in interviews.