other material
confidence high
sentiment neutral
materiality 0.35
Adobe sets 2024 performance share awards; CEO Narayen target 47,210 shares
ADOBE INC.
- CEO Narayen target award 47,210 performance shares; max 94,420; 50% on rTSR vs NASDAQ-100, 50% on net new sales.
- CFO Durn target award 10,408 performance shares; max 20,816; other NEOs get 16,320 (Chakravarthy, Wadhwani) and 9,159 (Belsky).
- Executive Incentive Plan cash bonus targets: 200% of salary for CEO (max 400%), 100% for CFO and presidents (max 200%), based on revenue and non-GAAP EPS.
- Performance shares vest in single installment after Jan 24, 2027, subject to continued service and certification of goals.
- All awards subject to clawback policies under Rule 10D-1 and company's recoupment policy.