Adobe sets 2022 performance share targets; CEO Narayen eligible for up to 93,644 shares

ADOBE INC.

CEO target award 46,822 shares (max 93,644); CFO Durn target 9,694 shares (max 19,388).
Performance shares tied 50% to TSR vs NASDAQ-100 over 2022-2024 and 50% to Net New Sales.
2022 annual incentive plan: CEO bonus target 200% of salary (max 400%) based on GAAP revenue and non-GAAP EPS.
TSR payout capped at 100% if absolute TSR negative, regardless of relative rank.

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