Oracle amends Screven retirement; EVP stays part-time as Technical Advisor, salary cut 50%

ORACLE CORP

Edward Screven retires as EVP, Chief Corporate Architect; remains as Technical Advisor part-time starting March 1, 2025.
Salary reduced 50% to $450,000 per annum; Screven ceases to be an executive officer.
50% of outstanding unvested RSUs from Aug 2021, Sep 2022, Sep 2023, and Sep 2024 grants cancelled.
No longer in Executive Bonus Plan; eligible for discretionary bonus if fiscal-year pool funded.

item 5.02

Executive movements

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Role change

Edward Screven

Technical Advisor

ORCL · ORACLE CORP

Effective: 2025-03-01
Filed: February 26, 2025, 6:59 PM ET

Effective as of March 1, 2025 (the “Effective Date”), Mr. Screven will remain employed by Oracle on a part-time basis as a Technical Advisor reporting to Safra Catz, Oracle’s Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Edward Screven changed role as Technical Advisor at ORACLE CORP.

Action: will remain employed
Role: Technical Advisor

Exact text from the filing

Effective as of March 1, 2025 (the “Effective Date”), Mr. Screven will remain employed by Oracle on a part-time basis as a Technical Advisor reporting to Safra Catz, Oracle’s Chief Executive Officer.

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ORACLE CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-036873

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