DXC discloses CEO Raul Fernandez employment agreement with $1.38M salary, $14.95M equity

DXC Technology Co

Annual base salary of $1,380,000; target annual bonus 200% of base salary.
FY2025 equity award of $14,950,000: 70% performance-vesting RSUs, 30% time-vested RSUs.
Initial PSU award of 106,666 target shares; vesting based on 60-day average share price performance ending March 31, 2026.
Severance: 2x (or 3x upon change-in-control) base salary plus target bonus for termination without cause or for good reason.
Perquisites: company aircraft for personal domestic use, $50K annual tax prep/financial planning, $50K concierge medical premiums.

item 5.02

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Appointed

Raul Fernandez

Chief Executive Officer

DXC · DXC Technology Co

Effective: 2024-04-01
Filed: April 4, 2024, 7:59 PM ET

In connection with Mr. Fernandez’s appointment, DXC entered into an employment agreement with Mr. Fernandez on March 31, 2024, which was effective as of April 1, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Raul Fernandez was appointed as Chief Executive Officer at DXC Technology Co.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

In connection with Mr. Fernandez’s appointment, DXC entered into an employment agreement with Mr. Fernandez on March 31, 2024, which was effective as of April 1, 2024.

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DXC Technology Co filing history →

Source: SEC EDGAR

accession 0001688568-24-000024

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