---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-209906"
form_type: "8-K"
ticker: "ORCL"
cik: "0001341439"
company_name: "ORACLE CORP"
filed_at: "2021-07-07T23:59:59+00:00"
generated_at: "2026-06-30T06:50:55.458833+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Oracle extends performance period for Ellison and Catz stock options by 3 years to 2025

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-21-209906
- form_type: 8-K
- ticker: ORCL
- cik: 0001341439
- company_name: ORACLE CORP
- filed_at: 2021-07-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1341439/000119312521209906/0001193125-21-209906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1341439/000119312521209906/d145474d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-209906
- JSON: https://secwatch.observer/filing/0001193125-21-209906.json
- Plain text: https://secwatch.observer/filing/0001193125-21-209906.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.