Nutanix grants CEO Rajiv Ramaswami performance-based RSUs with stock price and operational hurdles

Nutanix, Inc.

Two tranches: 238,398 Stock Price PRSUs (target) and 327,083 Operational Metrics PRSUs (target).
Stock price hurdles: $70 (100% payout), $80 (150%), $90 (200%) based on 90-day average closing price.
Operational metrics based on annual recurring revenue and free cash flow targets; performance period through July 31, 2027.
Vesting subject to continuous CEO service through September 15, 2027; up to 200% of target payout.
Max payout capped at 100% if company TSR below 50th percentile of NASDAQ Composite during performance period.

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