secwatch.observer — SEC 8-K summary
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Issuer:     DXC Technology Co (DXC)
CIK:        0001688568
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001688568-25-000028
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DXC grants special equity awards to CEO ($44.85M) and CFO ($20.64M) to retain leadership through 2028
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- CEO Raul Fernandez receives $44.85M target equity award (85% PSUs, 15% RSUs) over 3 years; CFO Rob Del Bene receives $20.64M.
- Awards are 3x FY2026 LTI target, replacing annual equity grants for next three years.
- Fernandez salary raised to $1.5M, bonus target to 250% of salary; Del Bene salary to $800K, bonus target to 135%.
- PSUs tied 80% to cumulative FCF, 20% to cumulative revenue, with rTSR modifier (20% reduction if below 25th percentile).
- Plan amended to cap annual individual stock awards at 3.5M shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1688568/000168856825000028/0001688568-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1688568/000168856825000028/dxc-20250513.htm
  HTML page:      https://secwatch.observer/filing/0001688568-25-000028

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