Adobe sets 2023 performance share and annual incentive plans for executives

ADOBE INC.

CEO Narayen gets 82,124 target performance shares; max 164,248; 50% tied to relative TSR vs NASDAQ-100, 50% to Net New Sales.
CFO Durn gets target 18,105 shares; other NEOs Chakravarthy and Wadhwani each get 28,389 target shares; Belsky gets 15,933.
Cash incentive plan for FY2023: CEO target 200% of base salary (max 400%); other NEOs target 100% (max 200%); min thresholds: 90% GAAP revenue and non-GAAP EPS.
Performance shares vest on later of Jan 2026 or final certification; cash awards based on corporate and individual performance results.

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