Dell grants COO Jeffrey Clarke 2.5M share option award valued at ~$132.4M

Dell Technologies Inc.

Award of 2,500,000 performance-based stock options to COO/Vice Chairman Jeffrey Clarke.
Exercise price $141.77 per share; grant date fair value approximately $132.4 million.
Vesting contingent on achieving market cap and free cash flow goals by Jan 31, 2031, and continued employment through Mar 15, 2031.
Forfeiture if retirement/resignation prior to vesting; clawback if conduct detrimental within 1 year post-termination.
Award aligns with long-term shareholder value creation, subject to 2023 Stock Incentive Plan.

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