secwatch.observer — SEC 8-K summary
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Issuer:     ADOBE INC. (ADBE)
CIK:        0000796343
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0000796343-22-000056
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796343/000079634322000056/0000796343-22-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796343/000079634322000056/adbe-20220124.htm
  HTML page:      https://secwatch.observer/filing/0000796343-22-000056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer