secwatch.observer — SEC 8-K summary
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Issuer:     ADOBE INC. (ADBE)
CIK:        0000796343
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0000796343-23-000011
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adobe sets 2023 performance share and annual incentive plans for executives
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796343/000079634323000011/0000796343-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796343/000079634323000011/adbe-20230124.htm
  HTML page:      https://secwatch.observer/filing/0000796343-23-000011

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