other material
confidence high
sentiment neutral
materiality 0.65
Oracle extends performance period for Ellison and Catz stock options by 3 years to 2025
ORACLE CORP
- Compensation Committee approved amendment to 2017 PSOs for CEO Safra Catz and founder Lawrence Ellison.
- Performance period extended from May 31, 2022 to May 31, 2025 (5 to 8 years).
- Cloud PaaS/IaaS margin goal: now requires 30% margin for 3 of 8 fiscal years (was 3 of 5).
- One tranche (1/7th, 2.5M shares) vested to date; additional tranches may vest if goals met by 2025.
- Each option covers 17.5M shares; amendment filed as Exhibit 10.15.