secwatch.observer — SEC 8-K summary
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Issuer:     Broadcom Inc. (AVGO)
CIK:        0001730168
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001730168-22-000101
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadcom grants performance stock units to CEO Hock Tan and President Charlie Kawwas tied to stock price milestones
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- CEO Hock Tan granted up to 1,000,000 PSUs; President Charlie Kawwas granted up to 300,000 PSUs.
- Vesting at five years if 20-day average closing price meets or exceeds $825, $950, or $1,125.
- Grant date fair value of maximum vesting: $161 million for Tan; $48 million for Kawwas.
- PSUs forfeited if stock price fails to reach $825 average during the earning period; no linear interpolation.
- Awards aim to align leadership incentives with long-term shareholder value and support pending VMware acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730168/000173016822000101/0001730168-22-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730168/000173016822000101/avgo-20221031.htm
  HTML page:      https://secwatch.observer/filing/0001730168-22-000101

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