secwatch.observer — SEC 8-K summary
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Issuer:     ADOBE INC. (ADBE)
CIK:        0000796343
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0000796343-24-000024
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adobe sets 2024 performance share awards; CEO Narayen target 47,210 shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796343/000079634324000024/0000796343-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796343/000079634324000024/adbe-20240124.htm
  HTML page:      https://secwatch.observer/filing/0000796343-24-000024

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