Executive Compensation Structure Evaluation

XYZ Corporation has recently come under scrutiny regarding the executive compensation structure it uses. The board is considering implementing performance-based incentives to better align executives' interests with those of the shareholders. However, there are concerns about how such compensation structures could be designed to avoid excessive risk-taking.

The board proposes three potential structures: a significant portion of the annual bonus linked to stock price performance over a one-year period, long-term stock options vested over a five-year schedule, or a guaranteed salary increase that scales with annual revenue growth. Which of the following compensation structures would best promote sustainable performance and alignment with shareholder interests?