secwatch.observer — SEC 8-K summary
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Issuer:     DXC Technology Co (DXC)
CIK:        0001688568
Form:       8-K/A
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001688568-24-000024
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688568/000168856824000024/0001688568-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688568/000168856824000024/dxc-20240201.htm
  HTML page:      https://secwatch.observer/filing/0001688568-24-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer